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FIVE THINGS

Steve Webb's move to ban commission and active member discounts is a ‘seismic' shift for providers and will drive a completely new business model for advisers, Aviva has said.

MPs are calling for further pressure to be placed on pension fund managers to reveal the full extent of their charges on investors.

More than 6.3m people contacted the Money Advice Service (MAS) between April and September, suggesting demand among the public for generic financial advice.

QUICK QUIZ

Aegon UK is raising fund charges on 82 insured funds across the Aegon Retirement Choices platform and within One Retirement.

It is unlikely clients would understand the label 'restricted whole of market' so advisers should avoid the term, Rory Percival has said.

Network Pi Financial has lost another case at the Financial Ombudsman Service (FOS), this time over advice one of its appointed representatives gave to a World War 2 veteran to invest £90,000 in an unregulated collective investment scheme (UCIS).

The winners of this year's Personal Finance Society (PFS) chartered awards were revealed at a gala dinner last night at the ICC in Birmingham.

Better management of investor anxiety during periods of volatility is essential to helping clients maximise the potential of their investments, delegates at the Personal Finance Society (PFS) heard.