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News

Investment

Ex-GP Noble trustee loses appeal over £52m pension fraud

Former GP Noble trustee Graham Pitcher's application to appeal his eight-year prison sentence has been refused.

clock 30 January 2014 •

Economics / Markets

Market slump continues as Fed pushes on with taper

Japan's Nikkei has dropped another 2.5% overnight as equity markets move further into the red following a fresh tapering announcement from the US Federal Reserve.

clock 30 January 2014 •

Critical Illness

Zurich critical illness policy payouts top £65m

Insurer Zurich paid out on 94% of its critical illness policy claims last year, up from 90% in 2012, latest statistics show.  

clock 30 January 2014 •

Investment

Lighthouse takes on AE market with pension trust 'for Middle Britain'

National IFA Lighthouse Group is set to launch a pension trust set up for multiple employers as it steps into the auto-enrolment market.

clock 30 January 2014 •

Charging

Which? mystery shop reveals IFAs dodging fee questions

Many financial advisers are still swerving questions about fees one year after the implementation of the Retail Distribution Review (RDR), according to an investigation by consumer group Which?

clock 29 January 2014 •

Investment

IMA: Equity fund sales tripled in 2013 as FUM hit record high

UK funds under management hit a record high in 2013, while sales of equity funds tripled from 2012, Investment Management Association data has revealed.

clock 29 January 2014 •

Regulation

FCA bans broker over poaching colleagues from rival firm

The Financial Conduct Authority (FCA) has banned former BGC Partners senior executive Anthony Verrier due to concerns over his integrity after he was found to have poached former colleagues from a rival firm.

clock 29 January 2014 •

Wrap/platforms

Nucleus: Leave pricing till last when performing platform due diligence

Advisers are being urged to adopt a phased approach to platform due diligence ahead of the introduction of new obligations on 6 April, with pricing as the least important consideration.

clock 29 January 2014 •

Managed solutions

Schroders to merge multi-manager range with Brookes at helm

Schroders is to streamline its multi-manager range following the takeover of Cazenove last year, with a number of portfolios to be merged away.

clock 29 January 2014 •

Investment

Brewins' move to turn off trail weighs on revenues

Brewin Dolphin felt the impact of removing trail commission in its latest results, with non-core income falling by 40% in the final quarter of 2013.

clock 29 January 2014 •
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