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Budget to unveil plans for 300,000 new homes a year

The Budget will lay out Government plans to help build 300,000 new homes a year, according to Chancellor Philip Hammond. The plans will include fasttracking developments with planning permission. Hammond said the Government would use “powers of state” to get homes built on these sites, according to the BBC. The Government will also unveil plans to […]

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OMGI and Jupiter to change pricing structures across fund ranges

Old Mutual Global Investors and Jupiter are switching from dual pricing to single pricing across their respective fund ranges, while OMGI is also introducing a fixed ongoing charge for its single strategy UK funds. Both firms say the pricing changes follow reviews and are intended to standardise their approaches with the industry. Vanguard and Axa Investment Managers also […]

FCA issues warning on fake regulator legitimising scam

The FCA and US counterpart the Securities and Exchange Commission have warned that a fake regulator is being used by scammers to convince customers to hand over money. The pair have warned that a pretend agency called the Federal Financial Regulatory Board, based in Boston, is actually being promoted by so-called “boiler room” fraudsters to […]

Why client journeys need to be easier

The value protection brings in terms of peace of mind far outweighs the cost. But it does not always outweigh inertia. For instance, relevant life policies (when you qualify for them, say, as a shareholding director of an SME) deliver that peace of mind at a tax-reduced cost with tax-free benefits. Tick. As an employer […]

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Asset managers expect to bear millions in Mifid II research costs

Asset managers could see the cost of analyst research averaging $10m for every $10bn of equity assets under management when the new Mifid II rules take effect in January. Under the new regulation, asset managers will be required to separate the cost of research from portfolio transaction costs. According to a survey by the CFA […]

Pensions Institute hits out at lack of new products since freedoms

The Pensions Institute has criticised the “dearth” of new products combining flexibility with a guaranteed income since the launch of the pension freedoms. A “potential crisis of provision and consumer protection within the retirement income market” is looming, the think-tank warns, exacerbated by a lack of consumers seeking advice on complex decisions. A number of […]