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News

Your profession

One quarter of adviser firms to sell in three years - research

Some 27% of advisers expect to have sold their firms within three years according to research.

clock 25 June 2013 •

Income

FCA demands insurers' data in latest phase of annuity probe

The Financial Conduct Authority (FCA) will begin requesting data from annuity providers as part of its on-going investigation into the market.

clock 25 June 2013 •

uncategorised

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •

Income

NAPF: Employers and trustees 'too scared' to help retirees

Employers and trustees are failing to provide support for scheme members to choose retirement products, the National Association of Pension Funds (NAPF) says.

clock 25 June 2013 •

Investment

Discretionary fund managers escape VAT obligation for transactional fees

Her Majesty's Revenue & Customs (HMRC) has upheld the VAT exemption on discretionary fund manager transaction fees.

clock 25 June 2013 •

Regulation

Consumer panel warns against early demise of KIDs

The Financial Conduct Authority (FCA)'s consumer panel has today warned that confusion over the purpose of the key information document (KID) could lead to its early demise.

clock 25 June 2013 •

Your profession

'What the hell are you doing with it?' MPs attack MAS over budget

The Money Advice Service (MAS) has come under fire from MPs after a sub-committee of the Treasury Select Committee (TSC) accused CEO Caroline Rookes that her organisation does not know what it is doing on money advice.

clock 25 June 2013 •

Investment

AXA IM's CEO Carrel-Billiard departs

AXA Investment Managers' CEO Dominique Carrel-Billiard is to leave the company, with the head of AXA's Itlaian insurance business Andrea Rossi to take over.

clock 25 June 2013 •

Investing in the profession

Thomas Miller Investment raids Psigma for head of intermediary role

Thomas Miller Investment has poached Matthew Lonsdale from Psigma to give him the role of head of intermediary business development.

clock 25 June 2013 •

Pensions

Adviser warns companies are running out of time on AE

Companies aren't giving themselves enough time to prepare for auto enrolment (AE), leaving themselves vulnerable to fines and even custodial sentences, according to one adviser.

clock 25 June 2013 •
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