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News

Pensions

Insurer warns of 'pension pot risk' as AE assets grow

Money being channelled through an insurer's platform into external funds under auto-enrolment (AE) could put members' pensions at risk if the fund provider went bust, Standard Life has warned.

clock 22 November 2012 •

RDR

AXA Wealth off-platform range now RDR-ready

AXA Wealth's long-term pension plan and onshore investment bond are Retail Distribution Review (RDR)-ready, offering advisers flexible charging options.

clock 22 November 2012 •

Economics / Markets

FTSE on course to post largest weekly gain for a year

The FTSE 100 has added to recent gains in early trading this morning, raising the prospect of the index posting its largest weekly gain since last December.

clock 22 November 2012 •

Your profession

Pressure on Caerus to bring positive change to Paradigm

IFAs formerly part of the Paradigm Financial Advisers network - which was last month bought by Caerus Capital - are hoping for a turnaround in service standards when the new ownership comes into force.

clock 22 November 2012 •

Investment

Fraudulent IFA jailed for conning 93-year-old

A financial adviser from Henley-on-Thames has been jailed for 14 months after giving false financial advice to an elderly woman.

clock 22 November 2012 •

Wrap/platforms

Aviva launches three-tier pension proposition

Aviva has launched an additional two pension levels on its platform to sit alongside its current self-invested personal pension (SIPP) business.

clock 22 November 2012 •

RDR

APFA: main RDR challenge is client communication

More than two fifths (41%) of advisers believe that one of the main challenges to their preparedness for the Retail Distribution Review (RDR) is communicating the changes to clients, according to research released today.

clock 22 November 2012 •

Investment

Webb sets out 'defined ambition' pension proposals

The Department for Work and Pensions (DWP) has set out its proposals for the design of pensions minister Steve Webb's flagship defined ambition (DA) pension system.

clock 22 November 2012 •

Pensions

FSA to strengthen SIPP capital regime

The Financial Services Authority (FSA) plans to increase the minimum capital held by self-invested personal pension (SIPP) providers from £5,000 to £20,000.

clock 22 November 2012 •

Investment

Research: people may be forced to save

The government may need to compel people to undertake long-term savings because it cannot afford to support those who do not save adequately on their own, a think-tank report says.

clock 22 November 2012 •
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