Report by the Independent Commission on Banking led by Sir John Vickers

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The long-awaited Vickers Report was published today detailing plans to enforce ringfencing of banks and their “riskier” divisions.

Guy Sears, head of wholesale at the IMA

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The Financial Services Bill requires further attention, according to the Investment Management Association.

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The Financial Services Authority is introducing extra CPD requirements for advisers covering pension transfers.

ABI's Otto Thoresen

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Otto Thoresen, director general of the Association of British Insurers, has said that he supports Government efforts to modernise the regulatory system but it should also keep an eye on the big picture too.

Aegon chief executive Adrian Grace

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Aegon UK has told staff about further developments in its programme to restructure its life and pensions business and reduce operating costs by 25% by end 2011.Some 116 jobs will be axed as a result.

Data provider Defaqto

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According to independent financial research company Defaqto, new opportunities for advisers are emerging within the income protection market, despite the fall in public confidence brought about by the mis-selling of payment protection insurance.

Baker Tilly tax specialists' website

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Tax specialist Baker Tilly believes that the so-called "mansion tax" could be back on the political agenda as the government continues to ponder scrapping the 50% income tax rate.

Average fees. Source: VouchedFor.co.uk

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VouchedFor.co.uk, which promotes itself as the "Tripadvisor for financial advisers", has produced new research revealing that fee-based IFAs can leave investors better off, but are difficult to find, with only 3% advertising a fee-based service.

New PFS president Jon Everill

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The Personal Finance Society has appointed a new president to replace Edward Grant.

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Ascentric has unveiled its new look for the company which it hopes will highlights the firm’s sophisticated technology.

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