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News

Wrap/platforms

Skandia eyes co-branding deals as profits fall

Skandia UK has revealed plans to offer advisers the chance to co-brand the platform, as well as expand the range of services customers can directly access on its platform, amid a fall in profits.

clock 09 March 2012 •

RDR

Novia adds Arjent to discretionary offering

Novia has added Arjent's multi-asset portfolios to the wrap in an expansion of its discretionary manager offering.

clock 08 March 2012 •

uncategorised

Govt pension platform to avoid construction risks

The Pension Infrastructure Platform (PIP) will avoid construction risk and offer both debt and equity investment portions for UK investors, plan organisers say.

clock 08 March 2012 •

Regulation

Lawyer: FOS drifting closer to regulation

The Financial Ombudsman Service (FOS) will drift closer to becoming a regulator under a proposed memorandum of understanding (MoU) with the Financial Conduct Authority (FCA), according to a legal expert.

clock 08 March 2012 •

Income

Pensioners are still confident about leaving an inheritance says Pru

Nearly half (49%) of people retiring this year are confident they will be able to afford to leave an inheritance despite on-going financial pressure, according to a survey from Prudential.

clock 08 March 2012 •

Economics / Markets

Bank holds interest rate at 0.5%

The Bank of England's Monetary Policy Committee (MPC) has voted to keep the interest rate at 0.5%, marking three years of the record low figure.

clock 08 March 2012 •

Investment General

Will McIlroy deliver (a hole in) 0.1 to Santander savers?

Investors who enjoy a flutter might be drawn to the 0.1% bonus being offered on Santander's Major ISA in the event of Northern Irish golfer Rory McIlroy winning a major tournament over the next two years.

clock 08 March 2012 •

RDR

FSA confirms trainees will not affect firms' independence

The Financial Services Authority (FSA) has confirmed the presence of trainees within an advice firm will not prevent it from holding itself out as independent.

clock 08 March 2012 •

Regulation

FSA fines and bans former Royal Liver Assurance finance director

The Financial Services Authority (FSA) has fined former finance director at Royal Liver Assurance Limited (RLA), George McGregor, £109,000 for entering into contracts on behalf of RLA without authorisation and which benefitted a former RLA employee.

clock 08 March 2012 •

Offshore Investment

Isle of Man keeps tinder dry over QROPS changes

The Isle of Man Government says it has been working on a 'number of options' to cope with potential changes to the Qualifying Recognised Overseas Pension Scheme (QROPS) regime announced by the UK government last year and due to come into force on 6 April...

clock 08 March 2012 •
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