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News

Regulation

FCA concerned about 'retrospective' approach

The Financial Conduct Authority (FCA) is concerned about being too retrospective in its approach and said further work needed to be done to improve certainty for regulated firms, board minutes have revealed.

clock 12 August 2013 •

Investment

Aviva and Scottish Life dominate adviser pension selections

Aviva's Personal Pension and Scottish Life's Pension Portfolio were the two most commonly selected pension contracts by financial advisers over the previous 12 months, according to research from Capita Financial Software (CFSL).

clock 12 August 2013 •

Investment

Extradition likely for London Whale duo - reports

Two City traders could be arrested within days over their role in the J.P. Morgan 'London Whale' scandal which cost the firm $6.2bn, the Sunday Times reports.

clock 12 August 2013 •

Tax Planning

HMRC defends 'most wanted' tax fugitive list

HM Revenue & Customs (HMRC) has defended the publication of a tax evaders 'most wanted' list amid criticism from Labour.

clock 12 August 2013 •

Investment

Sants to join British Bankers' Association board - reports

Former Financial Services Authority CEO Sir Hector Sants is to join the board of the British Bankers' Association (BBA) lobbying group, according to reports.

clock 09 August 2013 •

Wrap/platforms

Standard Life to switch all clients to 'clean' funds by Jan

Standard Life aims to convert all investments currently held in bundled share classes on the platform to their unbundled ‘clean' equivalents by the end of the year, it announced today.

clock 09 August 2013 •

Economics / Markets

Perspective shelves plans to float on AIM

Advisory firm Perspective Financial Group has shelved its plans to float on AIM.

clock 09 August 2013 •

Managed solutions

True Potential to exclusively distribute Goldman Sachs 'dynamic strategy' funds

True Potential Investments is to exclusively distribute Goldman Sachs' dynamic strategy funds, bringing them within the reach of UK retail investors for the first time.

clock 09 August 2013 •

Regulation

Beaufort challenges TPR on need for auto-enrolment advice

The Pensions Regulator's (TPR's) position that advice is not essential when setting up auto-enrolment pensions leaves employees at risk of being enrolled into inappropriate schemes and the policy being seen as just another "mandatory tax", the Beaufort...

clock 09 August 2013 •

Wrap/platforms

Architas fund range goes live on Zurich platform

Axa has added multi-manager business Architas's fund range to Zurich's retail platform.

clock 09 August 2013 •
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