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Three Cheers for Regret: Another Industry Revelation That Isn't
It is, one imagines, with a tremulous quill and furrowed brow that the nation’s pension experts drafted yet another ‘wake-up call’ for...
Steve Conley
5 days ago3 min read
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The Great Tax Backfire: A Fiscal Folly Dressed as Prudence
By Steve Conley One might be forgiven for assuming that when a government embarks upon a mission to “plug the fiscal deficit,” it would...
Steve Conley
Mar 243 min read
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Fat Cats, Thin Morals: The Real Winners of the UK’s Growth Agenda
Starmer-Reeves Growth Agenda - Results are in! While investors tread water, bonuses hit record highs—and the game goes on. By Steve...
Steve Conley
Mar 113 min read
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270 Million Reasons Why Fat Cats Advised Reeves to Raid ISAs of the Cautious
It takes a special kind of genius to believe that savers, faced with the prospect of losing tax-free status on their cash ISAs, will...
Steve Conley
Mar 93 min read
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Supreme Court Blocks Treasury's Bid to Skew Justice in Motor Finance Scandal
In a landmark decision, the Supreme Court has dealt a significant blow to the Treasury’s attempt to intervene in the upcoming hearing...
Steve Conley
Feb 252 min read
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Regulatory Reassessment or Institutional Capitulation? The FCA’s Pronouncement on the Fee-for-No-Service Controversy
In a striking departure from its previously stated concerns regarding the widespread failings in the provision of ongoing financial...
Steve Conley
Feb 243 min read
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Rachel Reeves Listens to Fund Managers—Because Who Better to Advise on Robbing Pensioners?
One might have thought, in the grand scheme of economic stewardship, that a Chancellor of the Exchequer would seek advice from a diverse...
Steve Conley
Feb 213 min read
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Financial Planning: Beyond the Cult of the Pension
It is a curious phenomenon that financial planning, as it is so often peddled by the industry, begins and ends with pensions. The...
Steve Conley
Feb 213 min read
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A Crisis of Trust: Why Would Pension Savers Leave Their Pots in a Government-Managed Piggy Bank?
Once again, the pensions industry finds itself wringing its hands, lamenting the woes of retirees who dared to withdraw their own money...
Steve Conley
Feb 192 min read
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FOS in Freefall: A Farce in Financial Redress?
By Steve Conley One might have presumed that the Financial Ombudsman Service, long regarded as a sanctuary of stability in an otherwise...
Steve Conley
Feb 172 min read
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The Unvarnished Truth: How Those in Gold-Plated Pension Schemes Impose Austerity Upon the Rest
It is a truth universally acknowledged that turkeys do not vote for Christmas. And here we are as an example, it appears that Sir Keir...
Steve Conley
Feb 166 min read
30 views
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What Has This Government Got Against Pensioners?
First, they take a scalpel to winter fuel allowances, subjecting them to the ignominy of means-testing. Then, they toy with the notion of...
Steve Conley
Feb 143 min read
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A Curious Case of Institutional Amnesia: Ministers Call for Easier Mortgages
It would seem that the lessons of history are, once again, deemed surplus to requirements. In a display of almost admirable...
Steve Conley
Feb 142 min read
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The Necessary Wall Between Advice and Product: A Curious Case of the Untrusted Trustworthy
It is a peculiarity of the British financial industry that those who purport to offer sage financial counsel are often the very same...
Steve Conley
Feb 133 min read
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Targeted Support: A Masterstroke of Industry Self-Interest?
Today marks the closure of the consultation on the Financial Conduct Authority’s (FCA) latest brainchild: ‘targeted support.’ Under this...
Steve Conley
Feb 133 min read
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OBR Downgrade: Betting the Economy on the Wrong Horse
Chancellor Rachel Reeves has placed a reckless wager, casting her lot with City bankers and their gilded coffers, rather than the...
Steve Conley
Feb 133 min read
12 views
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The Vanishing Act: How the FCA Plans to Erase Its Own Accountability
The Financial Conduct Authority (FCA) has determined that the most effective way to manage its legal and reputational risks is to...
Steve Conley
Feb 112 min read
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FCA Registration: No Badge of Honour
It is a truth universally unacknowledged—at least by the financial establishment—that registration with the Financial Conduct Authority...
Steve Conley
Feb 112 min read
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The Great Ombudsman Cull: A Gift to the City’s Puppet Masters
Days after the unceremonious departure of the Financial Ombudsman Service (FOS) CEO, Abby Thomas—who dared to resist the government's...
Steve Conley
Feb 103 min read
30 views
1 comment


The Great FCA Capitulation: A Regulatory Watchdog on a Short Leash
If one were to pen a letter to Father Christmas listing the most audacious political gifts imaginable, a wholesale regulatory retreat in...
Steve Conley
Feb 84 min read
7 views
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