HM Treasury

An independent review of the Money Advice Service (MAS) will recommend it cuts more than half its staff and reduce its budget by as much as 38%, according to a report.

The Prudential Regulation Authority has published a consultation paper to introduce a accountability regime for insurance.

The Approved Persons Regime (APR) has been described as not fit for purpose in a Treasury Committee report.

Chancellor George Osborne has written to the chairman of the Financial Conduct Authority (FCA) criticising the regulator for its "damaging" behaviour in releasing details of its investigation into insurance policies before a formal announcement.

The Money Advice Service (MAS) has reported a steadily growing customer base in the last year, and said it had reached ten million contacts by the end of 2013.

AXA PPP has applauded the Government's announcement on extending tax exemption on employer-paid occupational health treatments and noted that it had clearly listened to the insurance industry.

The Liberal Democrats have vowed to close tax loopholes in limited partnership firms and for private equity investors, as part of the party's action to "tackle the remaining deficit fairly".

Treasury Select Committee pans solvency II implementation by PRA

The Chancellor's indication that companies will get a targeted tax relief tax help with sickness related employee benefits has been welcomed.

Simple income replacement proposals in the Sergeant review have not made the first set of products, with whole-of-life set to be included next.