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FCA expecting passporting to continue post-Brexit

Firms and funds solely regulated in the UK by the FCA will need to give the regulator notice the day before the UK officially exits the EU if they want to benefit from a temporary permissions regime, proposed by the Government today. While an implementation period is still yet to be agreed, a statement from […]

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Aberdeen Standard outflows continue but platform and pensions bounce back

Standard Life Aberdeen’s investment arm has seen outflows continue, latest results show, but the newly merged investment giant has benefited from an uplift from its pensions and platforms businesses. For the nine months to September, Aberdeen Standard Investments assets under management dropped from £580.6bn to £569.7bn, with company noting that market conditions “remain challenging.” This was offset by […]

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FCA working group mulls multiple fund charge templates

The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]

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Fairstone adds £160m in assets with Glasgow firm

Consolidator Fairstone has completed its acquisition of Glasgow advice firm Professional Partners bringing approximately £160m in funds under management and £1.1m in revenue. Professional Partners was in Fairstone’s “downstream buy out” programme prior to the consolidator fully acquiring it. Through that model Fairstone takes a minority stake in advice firms then integrates them into the […]

Scheme pays explained

By Fiona Hanrahan, senior product insight and technical support analyst We’ve received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply. What is ‘scheme pays’? If an individual exceeds the annual allowance (AA) and an AA tax charge is due, they […]

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