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News

Investment

Boeing in record $10bn share buyback and ups dividend

Boeing has authorised a $10bn (£6.1bn) buyback of its own shares, the largest in the company's history, in addition to raising its quarterly dividend.

clock 17 December 2013 •

Wrap/platforms

FundsNetwork: Rebates set to trump super clean share classes

Next year will bring the realisation that super clean is not so super, predicts Fidelity FundsNetwork.

clock 16 December 2013 •

Investment

Pension scheme interest in alternatives rises prompting need for advice

Two fifths of pension schemes are open to investing in alternative asset classes to reduce their portfolio risk, according to Aon Hewitt, increasing their need for advice in this area.

clock 16 December 2013 •

Regulation

FCA scales back consumer credit application fees for small firms

The Financial Conduct Authority (FCA) has revised its application fees for firms seeking full consumer credit authorisation, after it realised that small firms were facing "significant barriers to entry" due to cost.

clock 16 December 2013 •

Investment

Pensions Regulator: AE figures pass 2m mark

More than two million people have been auto-enrolled into a workplace pension scheme, according to The Pensions Regulator (TPR).

clock 16 December 2013 •

Investment

Old Mutual to launch offshore fund for Buxton

Old Mutual Global Investors is to launch an offshore mirror version of Richard Buxton's £1bn Old Mutual UK Alpha Fund.

clock 16 December 2013 •

Regulation

'We are different': An end of year message to advisers from the FCA

The Financial Conduct Authority (FCA) has said it recognises it has "much to prove" to the advisory industry, but hopes its actions and approach will show it is different from previous regulators.

clock 16 December 2013 •

Investment

HMRC launches 'more secure' online QROPS reporting service

HM Revenue & Customs (HMRC) has launched an online reporting service for managers of qualifying recognised overseas pension schemes (QROPS), which it said is more secure than paper-based reporting.

clock 16 December 2013 •

Income

January GAD rate set at 3.25%

January will see gilt yields rise to 3.25%, up from 3%, meaning the maximum drawdown limit will rise in the New Year.

clock 16 December 2013 •

Regulation

FSCS pays out £3m on Bentley-Leek claims

The Financial Services Compensation Scheme (FSCS) has paid out £3m in claims related to collapsed advisory firm Bentley-Leek Financial Management (BLFM), which had advised clients to invest in failed overseas property schemes that it was also in charge...

clock 16 December 2013 •
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