Stephen Little

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Lib Dems back cooling off period for pension withdrawals

The Liberal Democrats are calling for the government to introduce a cooling off period for people who take more than the minimum lump sum from their pension pot without taking financial advice. Currently, withdrawals over the 25 per cent minimum are taxed at an  emergency tax rate, which can lead to pensioners paying too much […]

Mattioli Woods to withdraw from DB transfer market

National IFA Mattioli Woods has pulled out of the defined benefit transfer market following a review. In a trading update, the wealth manager says that following a review it has decided to withdraw from the DB transfer market due to rising costs and increasing regulation. The update says: “Following consideration of the increasing costs of professional […]

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FCA warns of fraudulent Alliance Trust Savings clone

The FCA is warning investors about a scam firm pretending to be platform Alliance Trust Savings. The clone firm has been operating under the name Alliance Trust and is using the same address as the authorised firm. According to the FCA, it has been using a false website and email. The FCA warns that scammers […]

Chase de Vere profits hit by acquisition

National IFA Chase de Vere has a posted a fall in profits of 1.6 per cent for the year ending 31 December 2017. According to its results statement, pre-tax profits fell from £5.77m in 2016 to £5.68m. The firm says the drop in profits was due to costs associated with the purchase of Medical Money […]

Are quant investing strategies set for a comeback?

The growth of artificial intelligence and automation is expected to revolutionise the asset management industry, with experts predicting a wide-scale loss of jobs as a result. Many commentators believe that developments in technology will lead to robo-advisers replacing humans and algorithms suggesting funds to investors. While it is not a new phenomenon, the use of […]

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Nucleus set to float on AIM

Platform Nucleus is listing on the Alternative Investment Market in a deal that could value it around £150m. Dealings in the shares are expected to start on AIM later in July. Reports emerged in March Nucleus was considering listing on the London Stock Exchange and had appointed a broker to oversee an IPO. Sky News reported last week […]