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Aberdeen to contest watchdog ruling

Aberdeen Asset Management plans to appeal against a provisional Financial Ombudsman Service judgement which could force it to pay compensation to thousands of investors. The FOS adjudicator has ruled in a lead case that an investor in AAM&#39s progressive growth unit trust &#45 which invested in split caps &#45 is entitled to compensation. But AAM says it will contest the ruling in a bid to avoid having to pay redress to up to 7,000 investors in the fund.

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Royal Liver joins Marlborough Stirling for IFA launch

Royal Liver is joining up with Marlborough Stirling ahead of its launch into the IFA market in the UK. Under a ten year contract Marlborough will offer Royal Liver its electronic quotation and new business transaction services via the Exweb portal. It will also use &#39Lamda&#39 Marlborough&#39s new business processing solution, that allows straight through […]

LIA targets loan advisers as it aims for professional status

The LIA is aiming to attract mortgage brokers into its fold as it moves towards being a true professional association. The association previously concentrated on tied salespeople and IFAs. Mortgage advisers presently make up about 1,200 of the 20,000 LIA members. Director general Mark Ommanney says there are tens of thousands of loan advisers who […]

Royal London warns regulation will kill off WP

Royal London is warning that with-profits will die and funds will close if proposed regulation is not substantially altered. Group chief executive Mike Yardley says: “If the proposed rules are not fundamentally changed to reflect the realities of managing with-profits funds, many life companies will have no option other than to close their with-profits funds […]

Smith says Govt may compensate wind-up victims

Work and Pensions Secretary Andrew Smith has admitted that the Government will consider offering discretionary assistance to the 60,000 pensioners whose pension schemes have been wound up. Speaking in an Opposition half-day debate on Crisis in Pension Scheme Wind-Ups last week, Smith said he would not raise false hopes of compensation for people who have […]

Craig Inches – thoughts on how to preserve capital and generate income in an inflationary environment

In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]

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