Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a657173
Regulator brands Solvency II costs 'indefensible'
by Alex Steger on Feb 07, 2013 at 07:55
The paper reported that Andrew Bailey (pictured), head of the FSA prudential business unit, called the plans ‘shocking’ and said the costs, estimated to be over £3 billion to UK insurance companies alone, were ‘frankly indefensible'.
Bailey also expressed scepticism at the new timetable for the already much delayed reforms, which are now unlikely to come into force before 2016, the FT reported.
News sponsored by:
Today's top headlines
iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
More about this article:
More from us
What others are saying