FSA to be abolished in government shake-up

clock •

George Osborne has announced plans to abolish the Financial Services Authority and increase the powers of the Bank of England.

In his Mansion House speech last night, the Chancellor said the FSA would be dismantled and be replaced by a new prudential regulator, which will operate as a subsidiary of the Bank of England. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Katrina Lloyd
Author spotlight

Katrina Lloyd

View profile
More from Katrina Lloyd

ACA members say low dependency the minimum level for surplus release

Barnett Waddingham submits first valuation under new DB funding code

More on Investment

Now Pensions makes first private markets investment
Investment

Now Pensions makes first private markets investment

Supports ambition to invest at least 10% of its default fund in private market assets

Holly Roach
Holly Roach
clock 07 July 2025 • 1 min read
Partner Insight: PIMCO Outlook - The fragmentation era
Investment

Partner Insight: PIMCO Outlook - The fragmentation era

With the world order in flux, investors can look to fortify portfolios by diversifying across global markets and capitalising on attractive, high-quality yields.

Richard Clarida, Andrew Balls and Daniel Ivascyn at PIMCO
clock 07 July 2025 • 10 min read
Partner Insight: Managing investment risks in retirement
Investment

Partner Insight: Managing investment risks in retirement

The need to manage investment risks in retirement is more acute now than ever before. Recent stock market volatility and upside inflation risks from tariffs are once again focusing minds on the phenomenon known as sequencing risk.

Trevor Greetham, Head of Multi Asset at Royal London Asset Management
clock 07 July 2025 • 2 min read
Trustpilot