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News

Investment

Rates head Oxley exits Ignis after Standard Life takeover

Ignis Absolute Return Government Bond fund manager Ross Oxley and two members of his team are to exit the business following its £390m takeover by Standard Life, Investment Week understands.

clock 13 October 2014 •

Wrap/platforms

Zurich: Advisers putting platforms under greater scrutiny

Advisers are asking more and deeper questions when probing what Zurich's platform has to offer, the insurer's head of retail platform strategy Alistair Wilson (pictured) has said.

clock 13 October 2014 •

Your profession

Caerus tumbles into the red following Paradigm takeover

Financial services firm Caerus Capital has swung into the red following its purchase of loss-making network Paradigm Financial Advisers, to post a pre-tax loss of £670,000

clock 13 October 2014 •

Mortgages

Tesco starts lending 90% LTV

Tesco Bank has launched its first range of 90% loan to value (LTV) mortgage loans.

clock 13 October 2014 •

Tax Planning

HMRC crackdown pushes tax evasion prosecutions up by a third

The number of people being pursued through the courts for tax evasion has risen by almost a third in the last year, as HM Revenue & Customs (HMRC) steps up its efforts to close the UK's £35bn tax gap.

clock 13 October 2014 •

Regulation

FCA intensifies action against financial promotions

The Financial Conduct Authority (FCA) is coming down hard on firms that continue to act outside of its rules on financial promotions, with the number of adverts withdrawn or amended by the regulator jumping 61% in the last year.

clock 13 October 2014 •

Retirement

Guidance guarantee could be reputational disaster - Friends Life CFO

The financial services industry will be subject to a new wave of criticism and claims unless reputational safeguards are put in place ahead of the delivery of free retirement ‘guidance' from next April, according to Friends Life chief financial officer...

clock 13 October 2014 •

Charging

HSBC ordered to refund trail commission to retiree

Banking giant HSBC has been told to return the trail commission it took from a retiree for ongoing pensions advice it never delivered.

clock 13 October 2014 •

Pensions

Pension trade bodies in merger talks

The National Association of Pension Funds (NAPF) is in discussion with the Pensions Management Institute (PMI) on joining together.

clock 10 October 2014 •

Mortgages

Scots abolish 'slab' Stamp Duty; Homes worth over £250k hit with 10% tax

Homebuyers in Scotland purchasing property worth over £250,000 will face a soaring tax bill from April next year as Stamp Duty is abolished in favour of a new levy called the Land and Buildings Transaction Tax.

clock 10 October 2014 •
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