The Ministry of Justice increased pressure on the claims management sector last year resulting in the removal of more than 200 licences from firms flouting the rules.
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The chief executive of the Financial Services Compensation Scheme (FSCS) Mark Neale has defended his organisation's multi-million pound spend on marketing, saying it will help protect the industry from detrimental consumer behaviour.
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Facebook's share price fell as much as 5% in after-hours trading as the company announced a deal to buy chat application WhatsApp for some $19bn.
Rathbones has reported a 15% increase in pre-tax profit for 2013, to £44m, but its interest in a potential purchase of Jupiter's private client business remains uncertain.
Ex-Tenet director Geoffrey Clarkson and broker Marsh UK are in talks about putting together a solution that would free advisers from their life long consumer complaint liabilities.
Aegon's UK business has reported a £5m fall in earnings before tax for the final quarter of last year, which it said is the result of a £7m spend on technology including on a non-advised platform.
Industry players have called for better solutions from fund managers to help advisers focus their clients' attention on meeting their long-term saving goals, even in the face of life-changing events.