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News

Income

MetLife ups income deferral rate on guaranteed range

Retirement provider MetLife has increased the income deferral rate on its unit-linked guaranteed products.

clock 19 February 2014 •

Regulation

Authorised firm numbers down but recovering

The number of authorised firms is lower than it was in December 2012, but has risen since hitting a post-Retail Distribution Review (RDR) floor last April, according to figures from the Financial Conduct Authority (FCA).

clock 19 February 2014 •

Equities

AFH Financial plans AIM listing to fuel growth plans

IFA and discretionary wealth manager AFH Financial Group plans to list on the AIM market of the London Stock Exchange as it eyes future expansion.

clock 19 February 2014 •

Pensions

DWP reveals pension scheme charges above ABI estimate

Average pension scheme charges are running above the 0.52% level estimated as normal by the Association of British Insurers (ABI), according to official government figures.

clock 19 February 2014 •

Fixed Income

Scottish government given power to issue bonds

The Scottish government will be able to issue its own bonds from 2015 in a "historic" devolution of borrowing powers, the Treasury has announced.

clock 19 February 2014 •

Regulation

IMA open to 'radical change' as it addresses dealing commission conflicts

The Investment Management Association (IMA) has said it is open to the prospect of 'radical change' as it sets out recommendations for the use of dealing commission to purchase investment research.

clock 18 February 2014 •

Pensions

Labour demands pension charge cap clarity from Cameron

Labour MP Rachel Reeves has demanded Prime Minister David Cameron "clarify" the government's position on a charge cap for defined contribution (DC) schemes.

clock 18 February 2014 •

Economics / Markets

AIC: UK most favoured among the high net worth

Investor confidence in the UK has strengthened considerably over the past 12 months, according to the latest investor confidence survey from the Association of Investment Companies (AIC).

clock 18 February 2014 •

Regulation

FCA board 'concerned' about its staff's rush to exit; mulls review into decision making

The executive board of the Financial Conduct Authority (FCA) is concerned about the rate at which its staff leave the organisation, and is also considering an independent review into its decision making processes, minutes of its latest meeting have revealed....

clock 18 February 2014 •

Pensions

Liberty SIPP: High earners risk sleepwalking into a lifetime allowance tax trap

The reduced lifetime allowance for pension contributions will take ordinary savers by surprise, research by self-invested personal pension (SIPP) provider Liberty SIPP has predicted.

clock 18 February 2014 •
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