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News

Economics / Markets

Euro rises to nine-month high against sterling

The euro has hit a nine-month high against sterling after UK industrial output grew less than expected in November.

clock 11 January 2013 •

Wrap/platforms

Cofunds extends lead as UK's biggest platform

Cofunds has extended its lead as the UK's largest platform, with assets rising to £45bn, according to the Platforum's latest pricing guide.

clock 11 January 2013 •

Regulation

FOS rules IFA must repay £150k in UCIS case

The Financial Ombudsman Service (FOS) has ruled that an IFA should repay an investor £150,000, the amount he recommended he invest in a troubled unregulated collective investment scheme (UCIS).

clock 11 January 2013 •

Your profession

Blog: D2C launches 'boring' and commercially not 'viable'

Abraham Okusanya, principal at paraplanning firm FinalytiQ, argues that direct to consumer launches are not just boring but commercially unviable. Here's why...

clock 11 January 2013 •

Investment

Insurers sign up to ABI charges code

A group of 14 insurers have signed up to a code of conduct on charge disclosure drawn up by the Association of British Insurers (ABI).

clock 11 January 2013 •

Investment

Meeson played 'leading role' in £5m pension fraud

Former tax boss Andrew Meeson played a leading role in a "blatant" £5m pension tax relief scam, a court heard.

clock 11 January 2013 •

Investment

FSA castigates exec-only firm Baronworth and CEO Jackson

The Financial Services Authority (FSA) has taken action against Ilford-based non-advisory business Baronworth Investment Services - and its chief executive Colin Jackson - for failing to ensure its direct-offer financial promotions were ‘fair, clear and...

clock 11 January 2013 •

Pensions

'Overkill' SIPP cap ad rules unlikely to change - provider

The Financial Services Authority's (FSA's) hike in capital adequacy for self-invested personal pension (SIPP) providers is ‘overkill' but it is unlikely the regulator will change tack, according to one provider.

clock 11 January 2013 •

Equities

RBS execs 'under pressure to resign' over LIBOR rigging

Two executives at Royal Bank of Scotland (RBS) are reportedly under pressure to step down as US and UK regulators are concerned about the culture of the investment banking division at the bank.

clock 11 January 2013 •

Economics / Markets

Japan pulls trigger on $116bn stimulus package

The Japanese government has approved a fresh 10.3 trillion yen ($116bn; £72bn) stimulus package to shore up its flagging economy.

clock 11 January 2013 •
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