UK - Improving accountability and transparency in the fund management sector will be a priority for the FSA over the next 12 months.
The FSA has set out its priorities for maintaining efficient, orderly and clean markets in its first annual plan.
It includes “clear and public milestones” which provide a basis against which the FSA can report and be judged in the future. Improvements will also include a review of the FSA’s enforcement processes to see whether they can be made more effective and transparent.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point