The Department of Trade and Industry has launched consultations about the proposal to extend the scope of the Financial Services Authority, in particular over the appropriate treatment for travel agents selling travel insurance and those selling extended warranties for motor vehicles.
But accountants are excluded so far as sales of insurance products are ‘incidental’.
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team
John Mendes has been appointed partner in the City of London office at MHA MacIntyre Hudson
Jon Maile has been promoted to partner in the South East as the head of audit at Grant Thornton
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live