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Skandia, part of Old Mutual Wealth, is to outsource its administration to global IT and outsourcing firm International Financial Data Services (IFDS) in a 20-year contract.

Prudential has appointed John Foley to the newly created role of group investment director in a bid to strengthen the oversight of its financial investments.

The Institute of Financial Planning's (IFP) Paraplanner of the Year award has opened for this year's entries.

The Financial Conduct Authority chief executive's statement that advisers should not charge their clients a percentage of assets "significantly overstepped commercial lines" according to one managing director and adviser.

The Personal Finance Society (PFS) has launched an online development tool aimed at helping advisers meet the minimum 35 hours continuing professional development (CPD) regulatory requirement.

Australian data and software provider IRESS is set to acquire adviser technology provider Avelo for £210m.

It's our weekly round-up of the big movers and company updates across the financial services industry...

A telephone advice service offered by Aviva - originally believed to be a casualty of the provider's decision to exit advised sales in May - was in fact pulled months earlier after an audit flagged concerns over the quality of advice given to customers....

The Chartered Institute for Securities & Investment (CISI) has announced two new annual awards to celebrate the achievements of industry practitioners.

Over a third of active market investors who have bought services from an IFA in the past five years say they will "never" consider paid for investment advice in the future, according to research.