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Aifa sets out reply to distribution review

Aifa has set up a working group to draw up its response to the FSA’s review of retail distribution. It will look to highlight the value of ind-ependent advice and provide arguments on adviser remun-eration and capital.

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Aegon stays strong with buoyant Sipp

Aegon is continuing to see strong pension business with a 56 per cent rise in sales in the first three quarters to £768m from £491m in the first three quarters of 2005 on an annual premium income basis.Individual pension sales more than doubled by 106 per cent to API £246m from £119m. These figures include […]

Steer says the mid cap fits for New Star alpha

New Star UK alpha fund manager Tim Steer believes that if he had maintained the fund’s mid-cap exposure at around 80 per cent since the funds’ launch, it would have achieved greater outperformance.The fund has returned 89.3 per cent after five years compared with an all-companies sector average of 46.6 per cent.Steer says the five-year-old […]

HSBC extends contract terms with Focus

Focus has extended its contract with HSBC Bank to provide its software consultancy and development services. The initial contract was due to be worth 850,000 as announced on August 4, but has now grown by a further 430,000 with the additional amount due to be paid this month. The HSBC deal is now generating over […]

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