Money Marketing
Online - January 2011
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Aberdeen Asset Management - Latin American Equity Fund
31 Jan 2011
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Aegon adds portability option to offshore bond
26 Jan 2011
European portability option will sit in Aegon’s main offshore bond.
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Barclays Wealth - Regular Income Bond January 2011 Edition
25 Jan 2011
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F&C set for £12m of cost cuts
14 Jan 2011
Firm set to appoint new outsourcing provider and is looking at product rationalisation.
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HSBC Exchange Traded Funds - HSBC MSCI China ETF
31 Jan 2011
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Invesco Perpetual - Asian Equity Income Fund
10 Jan 2011
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Investec Structured Products - FTSE 100 Accelerated Growth Plan 23
12 Jan 2011
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Investec Structured Products - FTSE 100 Deposit Growth Plan 6
7 Jan 2011
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Investec Structured Products - FTSE 100 Enhanced Kick Out Plan 18
12 Jan 2011
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Investec Structured Products - FTSE 100 Geared Returns Plan 23
12 Jan 2011
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Legal & General - Critical Illness Cover update
13 Jan 2011
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LV= Income Protection update
25 Jan 2011
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Lyxor Asset Management - Lyxor ETF iBoxx Euro Liquid High Yield 30 Fund
26 Jan 2011
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Lyxor Asset Management - Lyxor ETF iBOXX US Dollar Liquid Emerging Markets Sovereigns Fund
26 Jan 2011
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Morgan Stanley IQ - FTSE Income Plan 4
5 Jan 2011
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NatWest Intermediary Solutions - Core Range 2-Year Fixed Rate Mortgage
6 Jan 2011
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Shepshed Building Society - 3-Year 3.99% Fixed Intermediary
31 Jan 2011
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Shepshed Building Society - 3-Year 3.99% Fixed Offset Intermediary
31 Jan 2011
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UK inflation rises to 3.7 per cent
18 Jan 2011
The UK consumer prices index has risen to 3.7 per cent in December, its highest rate in eight months.
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Walker Crips Structured Investments - Triple Index Plan (Kick-out) Issue 2
12 Jan 2011
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£5bn of with-profit bonds can be withdrawn MVR-free this year, says Skandia
24 Jan 2011
The group says 500,000 bonds hit their tenth anniversaries this year and a third offer a penalty-free exit.
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£800m net outflow at Aberdeen
20 Jan 2011
Aberdeen Asset Management witnessed net outflows of £800m in the fourth quarter of last year, according to its interim management statement.
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120 MPs push for financial education in schools
31 Jan 2011
MPs push for compulsory education to ready youngsters for “increasingly complex financial world”.
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750,000 to face higher rate tax from April
31 Jan 2011
The Institute of Fiscal Studies says richest hit hardest by tax changes due in April.
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A closer look at Hector Sants’ RDR estimates
7 Jan 2011
Shaky extrapolated estimates about consumer detriment are unlikely to satisfy MPs.
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A smart move from Pointon York
21 Jan 2011
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A sparkling idea for an EIS
21 Jan 2011
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Abbey for Intermediaries reduces tracker rates
12 Jan 2011
Three tracker products reduced by 0.11%.
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Aberdeen Asset Management to sponsor Cowes Week
28 Jan 2011
Firm takes over sponsorship of the event Skandia used to entertain IFAs for 14 years.
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Accord Mortgages – Fixed Rate and Offset Mortgage Portfolio update
28 Jan 2011
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Advisers lose Keydata FSCS judicial review
12 Jan 2011
The Financial Services Compensation Scheme’s decision to levy the cost of Keydata compensation on advisers will stand.
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Advisers report huge increases in FSCS bills
25 Jan 2011
One adviser says his levy last year was £6,009 but today’s bill was £51,459.
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Aegon - Wealth Management Portfolio update
26 Jan 2011
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Aifa says professionalism rules offer no consumer benefit
21 Jan 2011
Policy director Andrew Strange fears rules will lead to substantial cost without benefiting consumers.
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Aifa: "pressure group" tactics only effective in short term
27 Jan 2011
Director general Stephen Gay says Aifa should be consistent in approach.
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Aifa: Banks will struggle more than IFAs with RDR
27 Jan 2011
Aifa director general Stephen Gay says IFAs should be optimistic about the advice market.
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Aldermore adds four new managers to commercial mortgages team
24 Jan 2011
Two appointed commercial mortgage managers and two lending managers.
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Aldermore appoints two new senior commercial lending managers
17 Jan 2011
Both report to managing director for commercial mortgages Rob Lankey.
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Allianz Bric Stars moves back into Brics
18 Jan 2011
Michael Konstantinov has refocused his Allianz RCM Bric Stars fund towards its core countries, Brazil, Russia, India and China.
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Altmann: Government should bring back index-linked certificates
10 Jan 2011
Above target inflation is putting increasing pressure on annuities and the Government needs to act, says Altmann.
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Andy Briggs to replace Trevor Matthews as Friends chief
25 Jan 2011
Matthews to take on role of vice chairman due to his desire to return to Australia within three years.
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Ashcourt Rowan parent appoints group COO
6 Jan 2011
Director of planning Jeremy Rance has been promoted to group chief operating officer.
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Aviva launches hard-hitting TV ad campaign for life insurance
17 Jan 2011
The first advert will be aired tonight with the national campaign running for a month.
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Bailed-out EU countries should get interest rebates, says MEP
17 Jan 2011
Lib Dem MEP Sharon Bowles says high interest rates mean richer countries stand to gain at the expense of poorer ones.
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Baillie Gifford appoints three partners
20 Jan 2011
Baillie Gifford has appointed three new partners: Malcolm MacColl, Bill Pacula and David Salter.
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Banking Commission chair sends warning over break-ups
19 Jan 2011
Sir John Vickers to outline measures designed to ring fence activities of “universal banks”.
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Banking Commission considers ring-fencing retail banking activities
24 Jan 2011
IBC chairman John Vickers rules out separating universal banks completely in favour of looking at ring-fencing retail banking.
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Banks fight Chancellor's plans for bonus disclosure
20 Jan 2011
Negotiations on bonus disclosure ongoing and deal expected to complete next week.
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Barclays 'engaging in tax avoidance on a grand scale', says TSC member
11 Jan 2011
TSC member challenges Barclays CEO Bob Diamond over more than 300 subsidiary companies in tax havens.
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Barclays increases LTV to 80% on great escape remortgage loan
5 Jan 2011
Lender increased LTV from 70% to 75% in November.
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Barclays says taxpayers should not bail out banks
11 Jan 2011
Chief executive Bob Diamond says regulators should be able to wind down institutions which get into financial difficulties.
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Barclays set to unveil details of bonus payment overhaul
24 Jan 2011
Large portion of its bankers’ bonuses to be paid in new type of bonds.
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Barclays to close advice arm
26 Jan 2011
1,000 jobs at risk as the bank looks to develop an online execution-only service for mass market clients.
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Barclays Wealth - FTSE Returns Plan January 2011
5 Jan 2011
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Barclays Wealth - Moneybuilder January 2011 Edition
31 Jan 2011
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Barclays Wealth - UK Super Tracker January 2011
5 Jan 2011
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Barclays/Woolwich help with great escape
5 Jan 2011
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Base rate increase could damage recovery, says Ernst & Young
17 Jan 2011
Economic forecaster says inflation rise due to temporary influences.
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Become a qualified RDR trainer
26 Jan 2011
More RDR trainers are needed to deliver training to the population of advisers who are working towards their level 4 qualification. Improve your knowledge and skills on a two-day training course and use your experience to earn extra income.
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BlackRock - iShares MSCI Poland ETF
24 Jan 2011
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BM Solutions - Buy To Let 2-Year Fixed
10 Jan 2011
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BM Solutions - Buy To Let 3-Year Fixed
10 Jan 2011
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BM Solutions launches two-year tracker and increases LTVs
25 Jan 2011
Tracker has rate of 4.75% at 75% LTV.
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BNY Mellon to offer emerging market debt local currency and Brazil funds
19 Jan 2011
The group is adding the funds to UK platforms on February 8th.
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Bolton: "Things will go too far" in Hong Kong
31 Jan 2011
Fidelity investment guru Anthony Bolton warns investors to “expect the unexpected in Hong Kong”.
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Bolton: Bull run may end next year
31 Jan 2011
The equity bull market could end next year, says Anthony Bolton, the manager of the Fidelity China special situations trust.
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Braemar Securities - Hambledon Vineyard EIS
10 Jan 2011
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Briggs to lead Friends as Matthews takes vice chairman role
25 Jan 2011
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Bright Grey – Critical Illness Cover update
28 Jan 2011
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Calls for capital tiered tax to replace IHT
5 Jan 2011
The Government should replace IHT with a tiered system to increase revenues, according to the IPPR.
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Capita Financial Software looks to relocate staff
21 Jan 2011
Staff have been consulted over relocating from Coventry and Bishop’s Stortford offices to Fareham.
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Capita replaces Defaqto for SimplyBiz members
10 Jan 2011
Members will be offered free product and fund research from Capita under a three-year deal.
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Cater Allen Private Bank - Income Plan 3
25 Jan 2011
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Cazenove Capital appoints non-executive director
13 Jan 2011
Cazenove Capital has appointed Rupert Tyer as non-executive director to the board of Cazenove Capital Holdings.
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CBI and BSA directors named in honours list
4 Jan 2011
Confederation of British Industry’s Richard Lambert has been knighted with Building Societies Association’s Adrian Coles awarded an OBE.
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Clarkson Hill faced up to £4.8m liability for unsuitable advice
20 Jan 2011
Supervisory notice reveals Clarkson Hill permissions were varied after failing to show it could pay up to £4.8m consumer redress.
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Cofunds hits £30 billion AUA
17 Jan 2011
Cofunds has broken the £30 billion assets under administration (AUA) barrier.
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Commercial finance broker trade body appoints new chairman
19 Jan 2011
Kevin Jones has been NACFB deputy chairman since 2009.
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Concern over scope for emerging market income funds
24 Jan 2011
Concern as small country holdings in the funds remain high and demand for hedging out emerging market currency risk remains low.
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Coventry BS cuts rates and increases LTVs
20 Jan 2011
Two products’ LTV increased by 15 per cent.
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Coventry Building Society/Godiva Mortgages – Fixed Rate Mortgage Portfolio Update
5 Jan 2011
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Coventry Building Society/Godiva Mortgages – Tracker/Variable Rate Mortgage Portfolio Update
5 Jan 2011
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Coventry Intermediaries - Godiva Mortgages Buy-To-Let 4.99% Fixed to 31.03.16
7 Jan 2011
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Coventry Intermediaries - Godiva Mortgages Buy-to-Let 5.39% Fixed to 31.03.16
7 Jan 2011
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Coventry launches two new buy-to-let deals
7 Jan 2011
Products have no arrangement fees.
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Darlington Building Society - 2-Year Tracker
21 Jan 2011
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Defaqto on Barclays/Woolwich Great Escape Two-Year Fixed
5 Jan 2011
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Defaqto on JM Finn's CF JM Finn Africa Fund
21 Jan 2011
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Defaqto on Pointon York's e-Sipp
21 Jan 2011
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Downing Corporate Finance - Downing Planned Exit VCT 2011
5 Jan 2011
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Downing Corporate Finance - Northern Venture Trust Top-Up
24 Jan 2011
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Estate agents urge housing minister to apply pressure on MMR
5 Jan 2011
Shapps meets FSA chief executive Hector Sants this week.
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EU GDP grows 0.5% in Q3 2010
7 Jan 2011
Euro area GDP grows 0.3% in same period.
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EU regulator selects first chair
13 Jan 2011
Dutch regulator chief Steven Maijoor has been selected as chair of the European Securities and Markets Authority.
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EU staff pension review one step closer
25 Jan 2011
Call for review into EU staff pensions is backed by the Econ Committee, but still has a way to go.
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Europe looks to clampdown on execution-only
7 Jan 2011
European Commission consults on banning execution-only services.
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Excessive regulation risks damaging economic recovery, says BBA
26 Jan 2011
BBA chairman Marcus Agius warns Chancellor George Osborne.
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F&C calls on shareholders to vote against Sherborne
6 Jan 2011
Asset manager wants shareholders to reject Sherborne plans to replace current chairman Nick MacAndrew.
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F&C defends itself against Sherborne activism
19 Jan 2011
F&C Asset Management has defended its performance after Sherborne Investors criticised its recent track record and asked its chairman to step down.
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F&C strikes back at Sherborne in performance statement
25 Jan 2011
The asset manager says Sherborne has some questions of its own to answer before shareholders vote.
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Fidelity FundsNetwork launches CGT reporting service
10 Jan 2011
The platform has added a capital gains tax service and is rolling out a nationwide CGT tour.
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Fidelity raises absolute return concerns
14 Jan 2011
The investment giant has warned the term absolute return may be misleading investors.
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Fidelity raising £162m on Anthony Bolton's China fund
7 Jan 2011
Fidelity is issuing 166.25 million C-shares on its special situations investment trust.
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Financial services activity grows for second consecutive quarter
10 Jan 2011
Slower rate of growth expected over the next three months.
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Firms must report advisers failing professionalism standards from July
20 Jan 2011
Firms will have to notify the FSA if an adviser shows poor competence or unethical behaviour.
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First State warns of emerging markets bubble
12 Jan 2011
First State head of global emerging market equities Jonathan Asante says some emerging markets and stocks “are now entering bubble territory”.
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Former BlackRock star Graham Birch moves up at Petropavlovsk
4 Jan 2011
Former BlackRock manager Graham Birch has become the senior independent non-executive director of Russian gold miner Petropavlovsk.
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FOS freezes case fee and industry levy
10 Jan 2011
FOS will freeze case fee at £500 for second year running.
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FOS warns PPI review may exhaust reserves
10 Jan 2011
Ombudsman will ask FSA to increase industry levy to cover any increase to its reserves.
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Franklin Templeton completes Rensburg acquisition
19 Jan 2011
Franklin Templeton Global Investors has completed the acquisition of Rensburg Fund Management, a subsidiary of Investec.
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Friends Provident relocates head office
18 Jan 2011
Move follows parent company Resolution’s acquisition of AXA’s life business.
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FSA and FRC to boost co-operation and information sharing
17 Jan 2011
The Financial Services Authority and Financial Reporting Council have agreed a memorandum of understanding.
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FSA bans and fines IFAs £28,000 for Ucis failings
19 Jan 2011
The firm failed to make suitable recommendations to its customers regarding Ucis.
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FSA bans five mortgage brokers
25 Jan 2011
101 mortgage intermediaries banned since December 2006.
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FSA chairman warns of "radical" fee caps and product bans
25 Jan 2011
Adair Turner says a rethink could see the forthcoming CPMA handed radical new powers.
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FSA confirms advisers will need statement of professional standing
20 Jan 2011
The FSA confirms independent and restricted advisers will need an SPS, plus 35 hours of CPD a year.
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FSA considers banning non-advised sales for complex products
25 Jan 2011
Ban could be imposed where products are particularly complicated or high risk.
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FSA considers extending RU64 to other products
26 Jan 2011
Regulator floats idea of extending the controversial pensions rule to other retail markets.
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FSA considers new specialist qualification for advisers
25 Jan 2011
Regulator seeks feedback on whether non-mainstream advice should be subject to additional specialist qualifications.
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FSA fines and bans director over £2m insurance fraud
6 Jan 2011
FSA fines and bans Surety Guarantee Consultants Limited director Barry Williams for his role in £2m insurance fraud.
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FSA fines Barclays £7.7m for advice failings
18 Jan 2011
Barclays fined for misselling the Aviva global balanced income fund and the global cautious income fund.
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FSA fines Barclays Capital £1.12m
26 Jan 2011
Barclays Capital failed to protect and segregate client money held in sterling money market deposits.
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FSA fines City Index £490,000 for reporting failures
20 Jan 2011
The regulator says the spread betting firm failed to submit accurate reports in respect of 2 million transactions.
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FSA fines ex-analyst £50,000 for instant messaging
13 Jan 2011
Christopher Gower sent an instant message to 14 clients giving the impression of inside information.
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FSA fines RBS and NatWest £2.8m
11 Jan 2011
RBS and NatWest fined for multiple failings in customer complaint handling.
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FSA freezes staff pay for second year
21 Jan 2011
Regulator staff face pay freeze for second consecutive year.
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FSA hits out at MMR criticism
14 Jan 2011
Regulator says it is not “steam rolling” through MMR.
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FSA may fine one more bank over complaints
11 Jan 2011
Two banks have been referred to FSA’s enforcement division over complaints handling, with one bank yet to be sanctioned.
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FSA to exempt certain Holloway policies from RDR
6 Jan 2011
The regulator has outlined plans to exempt policies that only have a small investment element.
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FSA wants power to block hostile bank takeovers
7 Jan 2011
Lord Turner says aggressive takeovers disrupt financial stability.
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FSA warns fund managers over advertisements
14 Jan 2011
The regulator has issued proposed guidance insisting ads be clear, fair and not misleading.
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FSA warns on bundled products
25 Jan 2011
Regulator says bundled products can stop consumers recognising whether a product is suitable for them or not.
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FSA warns on risk-profiling tools
7 Jan 2011
Regulator proposes guidance on suitability of investment advice after finding an “unacceptable” level of failure among firms.
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FSA: "We will not be a product gatekeeper"
25 Jan 2011
Regulator says it would be unjustified for it to authorise all products.
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FSCS announces £93m adviser levy
20 Jan 2011
The FSCS is also levying £233m on investment fund managers, mainly to cover the cost of compensating Lifemark investors.
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FSCS declares Havant credit union in default
7 Jan 2011
The union’s 260 members are to receive compensation.
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FSCS explains change in levy calculation
26 Jan 2011
Adviser levy is now calculated by the amount of eligible income a firm generates rather than the number of registered individuals.
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FSSC calls on FSA to grant advisers an RDR transition period
20 Jan 2011
The Financial Services Skills Council says advisers should be able to work towards QCF level 4 under supervision.
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Fundsmith founder warns of ETF misselling
10 Jan 2011
City fund management star Terry Smith says a tragedy could be on the horizon with ’synthetic ETFs’.
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Garry Heath joins Adviser Alliance
5 Jan 2011
Former IFA Association director-general Garry Heath has joined campaign group Adviser Alliance.
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Gartmore brand to be dropped following Henderson deal
12 Jan 2011
Fund merger plans set for the summer as both firms’ share prices jump.
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George Soros says Government cuts will push UK back into recession
27 Jan 2011
Billionaire investor says Government must ease up on spending cuts.
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Gilliat Financial Solutions - Precious Metals Kick Out - February 2011
4 Jan 2011
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Gilliat Financial Solutions - Twin Win February 2011
24 Jan 2011
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Government issues call for evidence on pensions master trusts
31 Jan 2011
Pensions minister Steve Webb says Government will “take action” if refund rules threaten the success of 2012 reforms.
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Government looks to stem dramatic house price increases
4 Jan 2011
Grant Shapps says there are Government levers available to influence housing market.
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Government urged to link state pension to longevity
12 Jan 2011
Research paper suggests introducing ’split’ universal state pension.
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Government warns of "regulatory arbitrage" over pension reforms
25 Jan 2011
Steve Webb warns over employers launching trust-based schemes to take advantage of the ability to get refunds if employees leave within two years.
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Govt bank sell-off should be in public interest
18 Jan 2011
Virgin Money chief executive Jayne-Anne Gadhia says any deal should consider competition.
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Govt tightens up on firms buying mortgage books
26 Jan 2011
Treasury announces new protection for homeowners whose mortgages are sold on by their lender.
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Govt to scrap default retirement age from April
13 Jan 2011
Hargreaves Lansdown says the move will boost pension savings.
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GPPs may be exempt from ECJ gender ruling - Skandia
3 Mar 2011
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Gross mortgage lending drops 6% in December
21 Jan 2011
£11bn figure is 18% down on December 2009.
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Guinness Asset Management - Asia Focus Fund
17 Jan 2011
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Guinness Asset Management - China & Hong Kong Fund
17 Jan 2011
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Guinness Asset Management - Global Money Managers Fund
17 Jan 2011
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Guinness Asset Management - Global Thematic Equity Fund
17 Jan 2011
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Halifax - First-Time Buyers’ Two-Year Fixed Rate - Direct
6 Jan 2011
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Hanley Economic Building Society - 2 Year 3.45% Fixed - Direct
19 Jan 2011
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Havant credit union members lose access to savings
6 Jan 2011
The FSA has removed the union’s permission to accept new loans or repay existing members’ savings.
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Hazel VCTs explore renewable possibilities
5 Jan 2011
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Hedge fund manager collects record £3.15bn profit in 2010
28 Jan 2011
Hedge fund manager John Paulson amassed a £3.15bn profit in 2010, which is understood to be the largest one year profit in fund manager history.
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Henderson appoints head of UK marketing
14 Jan 2011
Allyson Foster, the head of partnership marketing at Ignis, is to join Henderson as head of UK marketing.
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Henderson locks in key Gartmore managers in £335m takeover
12 Jan 2011
Henderson has agreed lock-in terms with a number of Gartmore managers following its proposed £335m takeover.
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Henderson set for more fund mergers
5 Jan 2011
Henderson plans to merge away UK and European opportunities funds.
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Henderson to acquire Gartmore for £335m
12 Jan 2011
Henderson has announced to the stockmarket it is to acquire the entire stock capital of Gartmore for an estimated £335m.
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Henderson's Bill McQuaker gives up equity chief role
13 Jan 2011
McQuaker has stepped down to focus on his fund management responsibilities.
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HK finance watchdog chief in frame to lead CPMA
7 Jan 2011
Outgoing Hong Kong Securities and Futures Commission chief executive Martin Wheatley in the frame for lead role at the CPMA.
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HML appoints new director of business development
26 Jan 2011
Kati Tyler joins from Chartis Insurance UK.
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HML hires former Virgin Money director of banking
6 Jan 2011
Ian Cornelius joins as director of savings and unsecured lending.
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Hoban defends MMR in Commons debate
18 Jan 2011
Treasury financial secretary Mark Hoban called MMR “essential” to help protect customers and lenders.
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House prices fall 0.2% in December
31 Jan 2011
Land Registry says average price now £163,814.
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House prices up 91% in past decade
31 Jan 2011
Average house price rose from £86,095 in late 2000 to £164,310 at end of 2010.
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Housing minister pledges to remove barriers for self-builders
5 Jan 2011
Shapps calls on National Self Build Association to help boost self-build numbers.
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HSBC Exchange Traded Funds - HSBC S&P Bric 40 ETF
26 Jan 2011
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IFA action group calls for fairer FSCS levies
31 Jan 2011
Petition will be delivered to FSA chief executive Hector Sants and Treasury minister Mark Hoban.
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IFAs remain most trusted figures in financial services, says survey
27 Jan 2011
However, score fell from 75 out of 100 to 65 over year.
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IMA launches renewed attack on City fees
6 Jan 2011
IMA chief executive Richard Saunders says banks and brokers are taking a “melange of revenue streams” from investors.
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IMA warns EU against adding to alternative fund directive
20 Jan 2011
The Investment Management Association has said the AIFM directive is already detailed.
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Intrinsic appoints Keith Baldwin as non-executive director
11 Jan 2011
Intrinsic Financial Services has appointed former Zurich Advice Network chief executive Keith Baldwin as non-executive director.
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Invesco Perpetual Asian equity income draws together its expertise
21 Jan 2011
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Invesco Perpetual launches Asian equity income fund
10 Jan 2011
Fund will be managed by Stuart Parks and Tim Dickson and will invest primarily in Asia and Australasia (excluding Japan).
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Investec and Calculus go for C shares
28 Jan 2011
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Investec launches Lux version of multi-asset protector fund
6 Jan 2011
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Investec Structured Products - FTSE 100 3-Year Deposit Plan 23
19 Jan 2011
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Investec Structured Products – FTSE 100 Bonus Income Plan 13
12 Jan 2011
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Investec Structured Products - FTSE100 Kick-Out Deposit 18
19 Jan 2011
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Investec Structured Products/Calculus Capital - Investec Calculus VCT C Share offer
18 Jan 2011
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Investment banker pleads guilty to insider dealing
10 Jan 2011
Trio are alleged to have made approximately £590,000 profit from insider trades.
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Jelf appoints Laverick as managing director
31 Jan 2011
Former AWD Chase de Vere head of business development will choose the financial planning firm’s lead platform.
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Jelf rules out further IFA acquisitions
31 Jan 2011
Chief executive Alex Alway says the firm has put the brakes on an aggressive acquisition strategy due to lack of value in the market.
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JJB Sports fined for disclosure failures
26 Jan 2011
FSA fine JJB £455,000 for discolsure failures which led to a false market in JJB shares.
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JM Finn applies themes to Africa
7 Jan 2011
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JOHCM hires Thames River duo for launch
4 Jan 2011
JO Hambro Capital Management has hired two managers from Thames River Capital for a pan-Europe and dynamic fund launch.
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John Baxter leads MBO of Veracity
25 Jan 2011
Management has completed a buy-out of Veracity Asset Transformation Service from Macquarie Group, MM understands.
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JP Morgan Asset Management launches low cost active fund
28 Jan 2011
The JPM UK active index plus fund will have a maximum total expense ratio of 0.55 per cent.
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JP Morgan to launch global mining fund
24 Jan 2011
Firm launches global mining fund just weeks after it soft closed its Luxemburg-domiciled JPM Global Natural Resources fund.
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JPMorgan launches assault on passive funds with fee cut
6 Jan 2011
JPMorgan Asset Management is slashing fees on its JPM UK active 350 fund to compete with low-cost passive funds.
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Jubilation for group risk sector as exemption granted on default retirement age
13 Jan 2011
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Jubilee Financial Products - Inflation Income Plan Issue 1
24 Jan 2011
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Jupiter assets jump 9 per cent to £24bn
19 Jan 2011
Jupiter has seen its assets under management jump 9 per cent to £24.1bn in the final quarter of 2010.
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King: Squeeze on living standards is the “inevitable price” for financial crisis
26 Jan 2011
BoE governor says inflation set to jump to between 4 and 5 per cent.
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Labour accuses Government of rewriting history over deficit
12 Jan 2011
Shadow Treasury chief secretary Angela Eagle says the Government wrongly blames Labour instead of the financial crisis.
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Leadbay sells assets to Mitchell Farrar Group
10 Jan 2011
Parent of Debt Advisory Line has acquired Leadbay’s principal trading assets and brands.
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Leek United Building Society - 3-Year Tracker
21 Jan 2011
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Legal & General - FTSE Growth Plan 8
14 Jan 2011
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Legal & General Mortgage Club – Abbey For Intermediaries 2-Year Tracker Remortgage
28 Jan 2011
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Lender fees complicating mortgages, says Which?
22 Jan 2011
Lenders charging total of 39 different types of fee.
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Lenders expect to tighten credit scoring criteria in coming quarter
6 Jan 2011
Bank of England report says criteria tightened in second quarter of 2010.
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Lenders report pressure to adopt MMR, says Boulger
24 Jan 2011
Boulger also slams “draconian” interest-only proposals.
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Less than 1 in 10 families have adequate financial protection
19 Jan 2011
Aviva says 61 per cent of families do not have basic life insurance.
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Lloyds launches scheme for borrowers in negative equity
27 Jan 2011
Deal is direct-only but Lloyds consider distribution through brokers if successful.
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Lloyds TSB - Three-Year Fixed - Direct
13 Jan 2011
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Lothian and Gibson launch wealth management business
24 Jan 2011
Former PFS president Paul Lothian teams up with accountancy firm A2+B Wealth.
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LV= appoints Iain Clark as director of protection
25 Jan 2011
Clark joins from Legal & General.
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M&G’s Leaviss warns that BoE could be on the brink of policy error
13 Jan 2011
M&G head of retail fixed interest Jim Leaviss says the BoE may be forced to hike rates and commit “GDP-suicide”.
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M&G's George Tsinosis leaves amid reshuffle
19 Jan 2011
The manager’s £1bn of multi-asset funds are being handed to the macro investment team.
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Man jailed after failing to comply with FSA court order
28 Jan 2011
Francois de Dietrich is believed to behind an illegal investment scheme.
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Marcus James Group launches IFA arm
28 Jan 2011
Properrty specialist launches IFA arm and hires Intrinsic’s Kevin Ronaldson as non-exec director.
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Merchant Capital - Kick Out Plan: Emerging Markets 3
24 Jan 2011
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Meteor Asset Management - Prima Plus Plan 7
4 Jan 2011
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MetLife confirms Living Time distribution deal
14 Jan 2011
MetLife will distribute fixed-term annuity product from February.
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MetLife set for Living Time distribution deal
12 Jan 2011
MetLife is close to a distribution deal with Living Time which will see its sales staff offer Living Time’s fixed-term product.
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Miliband: VAT rise is wrong tax at wrong time
4 Jan 2011
Labour leader Ed Miliband attacks the LibDem’s for supporting a policy they attacked in opposition.
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More senior departures at Aegon
14 Jan 2011
Peter Williams and Rachel Vahey are leaving the provider, Steven Cameron is to take over new regulatory team.
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Morgan Stanley IQ - FTSE Defensive Digital Growth Plan 2
27 Jan 2011
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Morgan Stanley IQ - FTSE Gilt-Backed Growth Plan 7
27 Jan 2011
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Morgan Stanley IQ - FTSE Kick Out Growth Plan 9
27 Jan 2011
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Morgan Stanley IQ - FTSE Simple Growth Plan 12
27 Jan 2011
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Morgan Stanley IQ - Protected Growth Plan 39
27 Jan 2011
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Morgan Stanley on the search for income
14 Jan 2011
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Mortgage broker sues FSA for libel
31 Jan 2011
Adam Lucas is claiming £1.67m in loss of earnings and damage to reputation after the FSA issued a decision notice against him, according to The Telegraph.
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Mortgageforce reports £321k loss for 2009/10
5 Jan 2011
Revenue fell by 19% and gross profit by 58%.
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MPC edging towards rate rise, minutes say
26 Jan 2011
The Bank of England’s Monetary Policy Committee appears to be edging closer to a rise in interest rates,according to its minutes for January.
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MPC may start raising interest rates in March, says Ward
24 Jan 2011
The Monetary Policy Committee may start raising interest rates as early as March this year, according to Simon Ward, the chief economist at Henderson Global Investors.
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N&P chief exec Matthew Bullock quits
11 Jan 2011
The Norwich & Peterborough Building Society boss is to retire.
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N&P in talks with Aviva over tied advice deal
11 Jan 2011
Norwich & Peterborough IFAs would become Aviva tied agents.
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N&P to transfer advisers to Aviva
31 Jan 2011
Building society’s 21 IFAs will become Aviva employees from March 16.
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National Counties Building Society - Buy-To-Let 5.19% Fixed to 31/10/2013
24 Jan 2011
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National Skills Academy to launch RDR work-based assessment
17 Jan 2011
Experience Counts will be launched formally once approved by the FSA.
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Nationwide takes £2bn mortgage book admin in-house
17 Jan 2011
Book is second to be taken from HML in last two months.
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NatWest Intermediary Solutions - Core Range 5-Year Fixed Rate Mortgage
6 Jan 2011
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NatWest Intermediary Solutions - Core Range Mortgage Portfolio Update
6 Jan 2011
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NatWest launches new 90% LTV mortgage
5 Jan 2011
Lender also reducing rates on number of products.
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Newcastle Building Society - 2-Year 2% Discount – Direct
18 Jan 2011
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Newcastle Building Society - 2-Year Fixed – Direct
18 Jan 2011
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Newcastle Building Society - 3-Year Fixed - Direct
18 Jan 2011
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Newcastle Building Society - 5-Year Fixed - Direct
19 Jan 2011
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Nigel Stockton to become Countrywide financial services chief
7 Jan 2011
Stockton replaces Countrywide Principal Services managing director Alan Snowball, who is retiring.
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No more QE and base rate held at 0.5%
13 Jan 2011
All time low base rate held for 22nd month.
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No shame in taking on the FSCS and losing
14 Jan 2011
Sometimes it is worth taking a stand against a blatant unfairness caused by the regulatory machine, even if the chances of success are remote.
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Northern Rock seeks out buyers
18 Jan 2011
Sale could generate around £1.5bn.
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Norwich & Peterborough BS increases LTVs
31 Jan 2011
Selection of discounted variable rates loans now available 85% LTV.
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November purchase lending down 15% year-on-year
14 Jan 2011
House purchase lending in November unchanged from month before.
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Nutt's £2.5 billion income fund placed on ‘black list’
31 Jan 2011
Anthony Nutt’s £2.5bn Jupiter income fund has been placed in the black list of constant underperformers in Principal Investment Management’s latest income study.
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Octopus adds fifth VCT to Titan range
28 Jan 2011
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Octopus Investments - Titan 5 VCT
13 Jan 2011
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OFT fines RBS £28.6m
20 Jan 2011
The Office for Fair Trading says the bank engaged in anti-competitive practices with Barclays
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OFT invites Mortgage Brain and TrigoldCrystal merger feedback
13 Jan 2011
Decision will be made by March 8 whether there are any competition issues.
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OFT taking action against 15 debt management firms
28 Jan 2011
35 debt management firms have surrendered consumer credit licences.
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OFT: CPMA should have statutory objective to promote competition
20 Jan 2011
John Fingleton tell TSC consumer inertia is the “big block” to competition.
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Osborne forced to withdraw bank bonus plans
25 Jan 2011
Withdrawal due to pressure from Liberal Democrats.
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Out of Africa for JM Finn
21 Jan 2011
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Paragon pulls 2-year fixed rate products due to rising swap rates
17 Jan 2011
Buy-to-let lender Paragon Mortgages has temporarily withdrawn both its two-year fixed rate products.
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Part-time advisers subject to minimum CPD rules
20 Jan 2011
Both full-time and part-time advisers will have to complete at least 35 hours of CPD a year.
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Pay costs mount for fund managers, says PwC
31 Jan 2011
Asset management firms are reporting pressure to increase their bonus and salary figures to avoid mass talent migration, according to research by PricewaterhouseCoopers.
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Penalties for offshore tax evaders will double
31 Jan 2011
Fines will be linked to the transparency of offshore jurisdictions in a bid to stop evasion.
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Perspective acquires 20th IFA firm
6 Jan 2011
Perspective says it is planning a further 10 acquisitions in 2011.
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Platform – Almost Prime Mortgage update
13 Jan 2011
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Platform – Buy-To-Let Mortgage update
13 Jan 2011
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Platform – Mainstream Mortgage update
13 Jan 2011
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Platform launches new product range
12 Jan 2011
New buy-to-let products include 4.99% two-year fixed up to 60% LTV.
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PMS/Sesame - Marsden Building Society Mortgage Portfolio Update
26 Jan 2011
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Polar launches emerging equity income fund
24 Jan 2011
Polar Capital has launched an emerging markets income fund for the emerging market equity team it hired from Axa Framlington in October.
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Positive Solutions to offer choice of national or network model
28 Jan 2011
Firm also announces it will offer its advisers a wealth management solution in a wrap deal with True Potential.
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Precise Mortgages appoints three new BDMs
26 Jan 2011
Precise Mortgages has added three new business development managers to its sales team.
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Precise Mortgages launches near prime range
27 Jan 2011
Rates start from 4.79%.
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Prime Minister says lenders are too cautious
6 Jan 2011
Cameron says housing market needs to get moving again.
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Principality Building Society - Affordable Housing Mortgage Update
21 Jan 2011
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Principality Building Society - Buy-To-Let Mortgage update
21 Jan 2011
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Principality Building Society - Fixed Rate Mortgage update
21 Jan 2011
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Principality Building Society - Tracker Mortgage update
21 Jan 2011
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Professionalism rules will cost advisers up to £225m by 2013
20 Jan 2011
The FSA says advisers face £225m in initial costs and up to £12m annually from 2013.
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Promoting careers in financial planning
25 Jan 2011
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Providers agree 11 day re-reg timescale
27 Jan 2011
Tisa is encouraging platforms to base their re-reg pilot procedures on its standards.
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PruHealth launches range of flexible new medical insurance plans
19 Jan 2011
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Raise interest rates or face upward pressure on wages, says MPC's Weale
31 Jan 2011
Weale: A modest raise now would help stop upward pressure and could be cheaper in the long run.
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RBS in talks to quit Asset Protection Scheme
21 Jan 2011
Bank expected to quit scheme by end of year.
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RBS unveils funds that aim to beat volatility
31 Jan 2011
The Royal Bank of Scotland is launching its first two British retail funds to help provide less volatile products for investors.
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Recovery has ground to a halt, says Balls
25 Jan 2011
Shadow Chancellor Ed Balls says today’s GDP figures show the “first signs” of Government policy hitting the recovery.
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Resolution hires McKinsey director Pat Butler
11 Jan 2011
The insurance buyout vehicle has named Butler as a partner.
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RWC launches currency fund
17 Jan 2011
RWC Partners has launched a Ucits III enhanced absolute rate and currency fund for Peter Allwright and Stuart Frost.
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Sales of corporate bond funds turn negative, IMA stats
10 Jan 2011
Commodity funds attract record inflows.
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Santander says income verification rules will hit market share
18 Jan 2011
Bank wants intermediaries to continue to be responsible for income verification checks.
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Sants questions value of cost benefit analyses on EU regulation
27 Jan 2011
FSA chief executive questions whether analysing costs of European regulations represents good value for money.
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Schroders - Schroder International Selection Fund: Frontier Markets Fund
10 Jan 2011
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Schroders launches EM high income bond fund
27 Jan 2011
Fund invests in a blend of emerging market sovereigns and corporates and developed world high yield bonds.
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Schroders launches frontier markets equity fund
6 Jan 2011
Schroders has launched a frontier markets fund co-managed by Allan Conway and Rami Sidani.
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Schroders turns to tomorrow's GEMs
21 Jan 2011
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Senior Lib Dem MEP wants banks to follow in Barclays footsteps on bonuses
24 Jan 2011
EU Econ committee chair Sharon Bowles says bank bonuses should be paid in a way which will count as capital in times of stress.
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Senior manager sent to prison for insider dealing and money laundering
21 Jan 2011
Neil Rollins was today sentenced to 27 months in prison and ordered to pay £197,000.66 in confiscation.
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Sharp rise in bankrupt pensioners
5 Jan 2011
The number of bankrupt individuals over 65 has shot up six-fold over the last decade.
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Skipton BS launches new fixed and tracker range
17 Jan 2011
Fixed rates start from 2.98%, trackers start from base rate plus 2.28%.
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Skipton Building Society - Fixed-Rate Mortgage Portfolio update
18 Jan 2011
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Skipton Intermediaries - Two-Year Fixed Rate Purchase and Remortgage
28 Jan 2011
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Standard extends offer period for Focus shareholders
4 Jan 2011
Offer period for Standard Life’s £42m acquisition of Focus has been extended until January 14.
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Standard Life creates regional tech consultant roles
4 Jan 2011
Standard Life is adding technology consultants to its regional business centres.
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Standard Life launches online direct personal pension
31 Jan 2011
Standard Life launches online, execution only pension to appeal to non-pension savers.
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Structured product triple decker from Walker Crips
28 Jan 2011
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Swip appoints Kevin Addison as head of wholesale
14 Jan 2011
Addison replaces Tony Maddock who quit to join Lazard last year.
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Swip launches currency alpha fund
17 Jan 2011
Swip has launched a new currency fund under the management of currency investment director Roddy Macpherson.
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Swiss & Global strengthens UK distribution
5 Jan 2011
Swiss & Global Asset Management has appointed Keith Rumbelow and Hugo Wheeler to its UK distribution team.
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T1ps taps into smaller firms' income and growth potential
14 Jan 2011
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Taxpayers should not bail out banks, says BoE
18 Jan 2011
Paul Tucker says banks should be allowed to fail without taxpayers having to foot the bill for their rescue.
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The 50 most influential regulators
19 Jan 2011
Nout Wellink beats the likes of Barack Obama and Hu Jintao to the title of most influential regulator in the past 12 months.
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The Apprentice contestant handed suspended sentence for fraud
28 Jan 2011
Christopher Farrell given nine month suspended sentence after pleading guilty to 4 counts of fraud.
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The Mortgage Works - Three-Year Fixed Buy-To-Let
14 Jan 2011
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The Mortgage Works - Two-Year Fixed Buy-To-Let
14 Jan 2011
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Three choices from Downing VCT
14 Jan 2011
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TMW launches 4.69% two-year fixed rate mortgage
12 Jan 2011
Mortgage available up to 75% LTV.
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Towergate in talks over £200m private equity deal
6 Jan 2011
Towergate is said to be close to securing a £200m cash injection from Advent International.
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Towergate secures £200m private equity investment
31 Jan 2011
The £200m investment from Advent International is conditional on Towergate raising new debt facilities.
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TSC to press Barclays' Diamond to give up bonus
10 Jan 2011
TSC member John Mann says Diamond will face “tough questions”.
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Two former Leadbay employees set up new lead provider
31 Jan 2011
Jonathan Barrett and Andrew Rosser left Leadbay in May 2010.
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Tyrie calls for more disclosure on bankers' pay
31 Jan 2011
TSC chair Andrew Tyrie writes to FSA chief executive Hector Sants asking for as much disclosure as possible on top flight executive pay.
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Tyrie: Govt must have stomach for bank fights
14 Jan 2011
TSC chair says Government must be ready for decisions it may have to make after the Independent Banking Commission reports.
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UK GDP falls 0.5 per cent in fourth quarter
25 Jan 2011
The UK’s output fell 0.5 per cent in the fourth quarter of 2010 and grew less than expected in the third quarter, according to the Office for National Statistics.
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Unemployment rises to 2.5 million
19 Jan 2011
UK unemployment rose by 49,000 to 2.5 million in three months to November 30, 2010.
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US economy grows 3.2 per cent in fourth quarter
28 Jan 2011
The American economy grew 3.2 per cent, over the fourth quarter of last year, up from the 2.6 per cent GDP growth recorded in the third quarter, according to the Bureau of Economic Analysis.
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US Federal Reserve to continue with QE2 plan
5 Jan 2011
US Federal Reserve is not convinced by the recent recovery.
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VAT rise 'bad economics', says think tank
4 Jan 2011
Today’s rise in VAT is bad economics with necessary deeper cuts being avoided for political reasons, according to the Institute of Economic Affairs
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Voyant UK appoints director of sales
6 Jan 2011
Gary Shepherd joins the IFA technology firm Norland Technology.
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Well done Aviva
21 Jan 2011
Provider’s advertising campaign sends out a powerful and important mesage.
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Will Barclays senior management be punished over advice failings?
19 Jan 2011
Park Row chief executive Peter Sprung was banned and fined for supervisory failures yet yesterday’s Barclays fine came with no personal censures.
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Xit2 sold to TPG Capital
5 Jan 2011
Xit2 parent sells entire information product division.
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YFM Private Equity - British Smaller Companies VCT and British Smaller Companies VCT2 Linked Top-Up
4 Jan 2011
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Young labels China "exceptionally disappointing"
24 Jan 2011
Aberdeen’s Hugh Young has labelled China as “exceptionally disappointing”, with “some spectacular blow-ups” on a company level.
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Zurich to cut 120 jobs and close five branches
28 Jan 2011
Jobs will be cut from the sales and marketing division accounting for 8 per cent of the total Zurich UK workforce.
