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FSCS to return ‘vast majority’ of assets after DFM collapse

Clients of collapsed discretionary fund manager Beaufort Securities will soon get their money back from the Financial Services Compensation Scheme, the lifeboat fund has announced. The “vast majority” of clients of Beaufort Asset Clearing Services will see 100 per cent of their cash and assets returned after a plan to compensate clients was agreed, the […]

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VouchedFor: FCA directory could see more ‘bad’ advisers being picked

The proposed FCA directory that will include advisers’ details could see more people finding “bad advisers”, according to adviser review site VouchedFor. A LinkedIn article by VouchedFor chief executive Adam Price says this is because the regulator’s consultation paper pitching the directory suggested little around underlying adviser checks being substantively improved. In the article, Price says: […]

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MPs call for collective defined contribution pensions

MPs have encouraged the government to seek innovation and the “great potential gains” of collective defined contribution pension schemes, a report published this morning by the work and pensions committee says. The committee says the schemes, which are already highly successful in Denmark and the Netherlands, offer advantages of a middle ground between defined benefit […]

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