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FCA warns advisers over platform inducements

The FCA has warned financial planners that additional services offered by their platform may be in breach of its inducement rules. While the regulator has said that competition between platforms is working well for most consumers in its market study this morning, it has warned that add-ons for advisers that are paid for by the […]

What will it take to be the world’s first $1trn company?

A look at the likely characteristics of tomorrow’s winners Apple, Alphabet, Microsoft or Amazon. Which one will cross the line first in the race to be the world’s first $1trn company? Perhaps focusing on market cap alone is to miss a more important point about the nature of today’s mega caps. Apple has built up […]

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Aviva to start shares compensation this week

Aviva is set to start refunding investors who lost money in its preference share fiasco earlier this year. According to The Times, the payout scheme will open this week. In its full-year results in March, Aviva said it could cancel existing preference shares as one option for returning capital to shareholders. However, the provider was met […]

Arrows hit target.

SJP platform upgrade bill hits £200m after drawdown migration

St James’s Place has migrated drawdown business onto its new platform as the cost of its multi-year upgrade project passes £200m. SJP has now moved around £40bn of its nearly £100bn in total assets onto the Bluedoor system after migrating its drawdown book in May, it has revealed in financial statements this morning. More than […]

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