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Life expectancy 'useless' for financial planning, advisers warned

20 October 2014 9:30 am | By Tessa Norman

Advisers must effectively manage risk of clients outliving average life expectancy. 

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Cofunds launches self-direct Sipp product

17 October 2014 12:51 pm | By Sam Macdonald

The platform says the move has been made to offer its self-directed intermediaries a Sipp product.


Jobs at risk at Gallagher Employee Benefits after Oval deal

17 October 2014 12:35 pm | By Tessa Norman

Gallagher is centralising operations following its £199m acquisition of Oval in April.

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PosSol ordered to repay commissions for lack of ongoing service

17 October 2014 9:30 am | By Samuel Dale

In August HSBC had to repay trail commission in full for not providing an ongoing service.

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Exit blocked? Providers shun 'insistent' DB transfers amid regulatory fears

17 October 2014 8:30 am | By Sam Brodbeck

Some people will find their paths to George Osborne’s pension freedoms blocked by providers unwilling to take on DB transfers.

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HSBC reviews trail commission payments after FOS ruling

16 October 2014 4:08 pm | By Samuel Dale

The Financial Ombudsman Service ordered the bank to repay trail commission to a client.

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Gallagher UK retail chief exits after Oval deal

16 October 2014 4:07 pm | By Tessa Norman

Former Oval chief executive Peter Blanc leaves Gallagher. 


Half of retirees have no plan for pension freedoms

16 October 2014 2:09 pm | By Samuel Dale

One-third of those surveyed will use a regulated adviser to access new freedoms.

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Are advisers dressing up advised sales as execution-only?

16 October 2014 9:35 am | By Tessa Norman

Rise in non-advised sales has reignited concerns over the blurred line between advice and non-advice

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Rathbones AUM and revenues boosted by Jupiter deal

16 October 2014 8:32 am | By Pamela Morris

Funds under management at Jupiter increased by 10 per cent in the third quarter while net revenues jumped 13.4 per cent.


Schroders to re-open Marriage's Dynamic Smaller Co's fund

15 October 2014 9:05 am | By Sam Macdonald

 The latest data shows assets in the fund dropped to £740.3m at the end of September this year.


Apfa calls on advisers to lobby MPs over guidance levy

15 October 2014 8:49 am | By Tessa Norman

Advisers urged to write to MPs over “disproportionate” cost of guidance. 

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China inflation drops to 1.6% in September

15 October 2014 8:34 am | By Pamela Morris

Inflation in the Chinese economy came close to a five-year low but economists remain unconcerned about deflation risks.


UK inflation falls to 1.2% in September

14 October 2014 9:41 am | By Sam Macdonald

The ONS says the fall in the Consumer Prices Index was driven by dips in transport costs and a range of recreational goods prices.

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Hargreaves warns low interest rates and deposit restrictions hit margins

14 October 2014 8:49 am | By Sam Macdonald

Hargreaves Lansdown has warned that continued low interest rates and the prevention of platforms to offer fixed term deposits is having a continued affect on revenues.


Redemptions push Ashmore AUM down 4.9% to $71.3bn

14 October 2014 8:34 am | By Pamela Morris

The group saw net outflows of $300m over the three months from July to September.


Caerus reports £667k pre-tax loss after Paradigm deal

13 October 2014 11:09 am | By Tessa Norman

Network pushed into loss following acquisition of Paradigm Financial Advisers. 

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Caught in a trap? Advisers warned over auto-enrolment compliance risks

10 October 2014 8:30 am | By Sam Brodbeck

Auto-enrolment brings great opportunities, but advisers could be in danger of getting in over their heads.

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IFP ethics chair warns over moral code breaches

9 October 2014 11:26 am | By Tessa Norman

IFP members ‘failing to apply code of ethics to social media use’. 

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Old Mutual Wealth axes platform drawdown charge and minimum investment fees

9 October 2014 10:00 am | By Sam Macdonald

The changes will come in on 1 January.

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Hargreaves could cut Wealth 150 to 50 funds

9 October 2014 9:57 am | By Sam Macdonald

Hargreaves Lansdown head of investment research Mark Dampier cites lack of good quality funds and fund managers.


Origen reports £5.6m loss as restricted costs hit

8 October 2014 3:56 pm | By Tom Selby

Origen Financial Services has reported a pre-tax loss of £5.6m for 2013.

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IFP aims to boost members by 50% by 2016

8 October 2014 9:15 am | By Tessa Norman

IFP chief Steve Gazzard says body is targeting at least 3,000 members by 2016. 


IFDL sales director exits for sunset clause-tackling venture

8 October 2014 8:42 am | By Sam Macdonald

IFDL institutional sales director Rob Beverley has left the platform provider to join newly launched firm Sentinel alongside Succession co-founder Andrew Smith.

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Who are the 2014 IFP award winners?

8 October 2014 8:26 am | By Tessa Norman

Outstanding financial planners recognised in gala dinner ceremony at IFP’s annual conference. 


IFP president urges advisers to boost financial planning awareness

7 October 2014 10:27 am | By Tessa Norman

IFP has not grown as quickly as it could have, says president Rebecca Taylor. 


Morningstar investment head: Risk profiling tools ‘dangerous’

7 October 2014 9:41 am | By Tessa Norman

Risk profiling tools are based on false assumptions, argues Morningstar’s Dan Kemp. 

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Gallagher recruits former RSM Tenon director John White as COO

6 October 2014 4:50 pm | By Tom Selby

White joins the firm from accountancy firm Baker Tilly, where he headed up the financial management and employee benefit services division.


BNY Mellon to acquire US fixed income house

6 October 2014 4:03 pm | By Sam Macdonald

BNY Mellon has agreed to buy US fixed income house Cutwater Asset Management for an undisclosed sum.


IFP elects two financial planners to board

6 October 2014 2:56 pm | By Tessa Norman

Annual general meeting held today at the opening of the IFP conference. 


Electra trust investors shrug off activist Bramson's board bid

6 October 2014 1:48 pm | By Michael Berry

Electra Private Equity investors have shot down US activist shareholder Edward Bramson’s attempt to foist himself and an associate onto the company’s board.


Chelsea reveals latest DropZone funds

6 October 2014 1:07 pm | By Sam Macdonald

The SF Webb Capital Smaller Companies Growth fund has topped the Chelsea Financial Services RedZone.


Ex-Ignis man Ian Ormiston joins OMGI for European Smaller Co's launch

6 October 2014 12:29 pm | By Sam Macdonald

Ignis European Smaller Companies fund manager Ian Ormiston is joining Old Mutual Global Investors to manage the newly created European Smaller Companies fund.


Axa Wealth executive changes spark more senior departures

3 October 2014 4:02 pm | By Pamela Morris

Axa Elevate head of operations Mark Links and former Elevate chief operating officer Andrew Smith are set to leave the firm by the end of 2014.


Moneygate reports £1.4m pre-tax loss for 2013

3 October 2014 10:23 am | By Tessa Norman

Consolidator in discussions with 70 advice firms. 


Old Mutual Wealth appoints Andy Pomfret as non-exec director

3 October 2014 9:31 am | By Pamela Morris

Andy Pomfret stepped down as Rathbones chief executive officer in February 2014.

Cyber security

JP Morgan hit by 76 million-client cyber attack

3 October 2014 8:52 am | By Sam Macdonald

JP Morgan has confirmed it suffered a massive cyber attack involving 76 million private and seven million business banking customers.


Mott retirement sees PSigma AM lose £325m income mandate

3 October 2014 8:39 am | By Pamela Morris

Miton veteran fund manager Bill Mott announced his retirement earlier this year.


Foster Denovo exodus continues as another partner quits

2 October 2014 2:19 pm | By Samuel Dale

Peter Butlin becomes the latest key adviser to quit the firm this year.


Sense Network posts £650k profits

2 October 2014 2:10 pm | By Sam Macdonald

The firm posted a £423,000 profit in the previous year.

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