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News

Regulation

APFA challenges 'inefficient' FCA to cut annual budget up to 2% a year

The Financial Conduct Authority (FCA) should freeze or reduce its annual budget in a self-imposed efficiency drive to cut regulation costs, Chris Hannant has said.

clock 16 September 2014 •

Wrap/platforms

Succession signs up Aegon for corporate wrap

National wealth manager Succession has appointed Aegon's workplace savings platform to provide a bespoke wrap proposition for its corporate clients.

clock 16 September 2014 •

Wrap/platforms

Holly Mackay resigns from The Platforum

Holly Mackay, the founder and MD of platform advice, research and events firm The Platforum, has resigned from the business, Investment Week understands.

clock 16 September 2014 •

Managed solutions

Architas cuts fees on passive multi-asset range

Architas is the latest group to slash pricing on its range of passive multi-asset funds as the price war in the tracker space continues to rage.

clock 16 September 2014 •

Protection

Mutual appoints IFA to board as non-exec

Protection product provider and mutual British Friendly has appointed an independent financial adviser to its board.

clock 16 September 2014 •

Your profession

Paraplan Plus appoints Kim Bendall as director

Paraplan Plus, the company behind outsourced brand The Paraplanners and web-based cashflow tool Moneyscope, has appointed Kim Bendall as director.

clock 16 September 2014 •

Investment

Another Black Wednesday? Manager warns sterling could fall 10% on 'yes' vote

The pound could dive a further 10% in as little as a week if a 'yes' vote on Scotland is approved, witnessing a sell-off reminiscent of sterling's fall on Black Wednesday more than 20 years ago, a manager has warned.

clock 16 September 2014 •

Regulation

FCA bans ex-St James's Place senior partner over conflict of interest

The Financial Conduct Authority (FCA) has banned and fined £300,000 a former senior partner of St James's Place (SJP) after clients lost out investing in companies he controlled.

clock 16 September 2014 •

Your profession

PFS names IFA firm MD David Thomas as president

The Personal Finance Society (PFS) has named the managing director of Chartered IFA Chadney Bulgin David Thomas as its president for 2014/15.

clock 16 September 2014 •

Pensions

RBS may have to plug £5.6bn pensions deficit if Scotland votes Yes

Royal Bank of Scotland could be forced to plug a £5.6bn deficit in its pensions scheme if Scotland votes Yes on Thursday.

clock 16 September 2014 •
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