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News

Regulation

TPAS plans to intervene on 'Lamborghini' pensioners

The Pensions Advisory Service (TPAS) is planning to target savers who have indicated they plan to make full use of the pension freedoms outlined at Budget 2014, to warn them of the dangers of doing so.

clock 06 October 2014 •

Regulation

Fund houses limit corporate entertainment spend as FCA considers crackdown

Asset managers have revealed the hard limits they are imposing on entertainment budgets ahead of a potential FCA ban on corporate hospitality

clock 06 October 2014 •

Your profession

Consolidator halves pre-tax losses; loses four advisers over RDR qualifications

IFA consolidator Moneygate Group has halved pre-tax losses in the first year following the Retail Distribution Review (RDR) its accounts have shown.

clock 06 October 2014 •

Tax Planning

Clegg warns Cameron: No new coalition without tax hikes for middle classes

The Liberal Democrats have told David Cameron they will refuse to form a coalition with the Conservatives unless he commits to tax hikes for the middle classes, Nick Clegg has said.

clock 06 October 2014 •

Investment

Yahoo 'set to invest in Snapchat'

Yahoo is close to investing millions of dollars in mobile messaging service Snapchat, which may value the start-up at about $10bn (£6.2bn), according to reports.

clock 06 October 2014 •

Regulation

Small firm fails to convince FOS over Arch cru liability

A retiree who asked his adviser to review a recommendation to invest in Arch cru under a consumer redress scheme set up by the financial regulator has won compensation after taking his case to the Ombudsman (FOS).

clock 03 October 2014 •

Wrap/platforms

Cofunds to review 'provider speak' letter after criticism

Cofunds is planning to review the language of a client letter after an adviser criticised its 'provider speak'.

clock 03 October 2014 •

Pensions

Auto-enrolment savers want employers to 'offer full financial advice'

A third of employees think firms which offer a pension scheme should also offer access to full financial advice in the workplace, research from Scottish Widows suggests.

clock 02 October 2014 •

Your profession

Advisers trusted less than banks but more than fund managers - research

Financial advisers are less trusted by consumers than retail banks but more than fund managers - and their character is the key draw for clients.

clock 02 October 2014 •

Pensions

Prudential launches retirement modelling tool

Prudential has launched an online modelling tool aimed at giving customers more clarity on their retirement planning.

clock 02 October 2014 •
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