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News

Wrap/platforms

Barclays shuts Woolwich PM in IFA platform push

Barclays is closing Woolwich Plan Managers as it rolls out its structured investment products on third party platforms.

clock 11 December 2012 •

Your profession

RLAM appoints head of distribution

Royal London Asset Management (RLAM) has appointed Rob Williams as head of distribution.

clock 11 December 2012 •

RDR

RDR awareness 'remains low' among workers

Most workers are unaware they will have to pay for financial advice after the Retail Distribution Review (RDR) is implemented, according to Canada Life.

clock 11 December 2012 •

Investment

EU pension solvency rules could force 180k job losses - CBI

Solvency II-style capital requirements for pension schemes could cost employers £350bn, cut 180,000 jobs from the economy and cut the value of pensions, the Confederation of British Industry (CBI) has warned.

clock 11 December 2012 •

RDR

Standard Life adds products to its RDR-ready portfolio

Standard Life has updated its Retail Distribution Review (RDR) offering with the addition of adviser charging on Standard Life Retail International Bond and annuities.

clock 11 December 2012 •

Wrap/platforms

Novia switches on RDR charging

Novia has switched to its retail distribution review (RDR)-compliant model, effective immediately.

clock 11 December 2012 •

Tax Planning

Taxman investigates Gordon Ramsay's restaurant business

The taxman is investigating a "serious fraud" which allegedly involves Gordon Ramsay's restaurant business.

clock 11 December 2012 •

Economics / Markets

Bank shareholders would be 'wiped out' by future failures under new US-UK rules

A transatlantic banking watchdog would protect American and British taxpayers from bailing out banks which are too big to fail, under new plans.

clock 11 December 2012 •

Investment

Fidelity's Bolton on prospects for China in 2013

Fidelity's Anthony Bolton has predicted a turnaround in China next year as the economic cycle shifts in the country's favour.

clock 11 December 2012 •

Economics / Markets

UK banks hit with record $2.5bn in US fines

HSBC and Standard Chartered have agreed record settlements over money laundering allegations as the former agrees to pay $1.9bn to US regulators.

clock 11 December 2012 •
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