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ECB head will chair new European Systemic Risk board
The European Systemic Risk board will be chaired by the head of the European Central Bank for the first five years
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Aviva director gets Aifa top job
Aviva director of distribution Stephen Gay takes over from Chris Cummings as Aifa director general.
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US loses fewer jobs than expected
The US lost fewer jobs than expected in August, according to the latest non-farm payroll figures.
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HSBC threatens to move headquarters away from the UK
HSBC has warned that it may move its headquarters away from London if the UK government does decide to break up the big banks.
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Advisers warned on VAT bills after RDR
Experts warn that adviser firms could come under scrutiny from HM Revenue & Customs if their post-RDR billing shows a significant increase in VAT-able activity.
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Agreement over new European financial watchdogs
Three new pan-EU watchdogs will be created with powers to intervene in emergency situations.
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Heron says Henderson will boost US exposure
Henderson director of fund of funds Craig Heron says the Fof team expects to bolster its exposure to the US towards the end of the year.
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Brokers welcome Balls' plan for VAT cut
Brokers have welcomed a plan from Labour leadership candidate Ed Balls to slash the rate of VAT on home repair, maintenance and improvements.
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FSA says former SJP partner Carron defrauded clients
The regulator has urged investors who lost money to call its helpline.
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FSA reveals extent of firms’ failings in platform review
The FSA says every firm it visited did not have sufficient systems and controls in place.
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Cheeseman quits F&C as multi-manager funds pass to Thames River duo
F&C head of multi-manager Dean Cheeseman is to leave the firm as his retail range is set to pass over to Thames River Capital.
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Tough line on client poaching
Advisers say broker firm Oval’s out of court settlement following a dispute with two former employees is another sign of the tougher line firms are taking regarding client ownership.
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RBS to cut 3,500 jobs
Bank to cut staff after branch sales and office closures.
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Alpha 2 Omega ARs chased for fees and PI payments
A20 appointed reps being chased over regulatory and PI payments not made to the network.
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