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FCA: 90,000 customers in line for enhanced annuity compensation

The FCA’s review of enhanced annuity sales could see 90,000 customers receive compensation for misselling. The regulator has confirmed that from its review of the annuity market released this morning, it can estimate that the number of customers in line for redress is approaching six figures. As part of an investigation of 1200 non-advised sales […]

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Govt plans on advice requirement could reduce advice take-up

Fewer consumers will need to take mandatory financial advice on their pensions under new rules proposed by the Department for Work and Pensions. Since the pension freedoms were introduced, individuals with more than £30,000 of safeguarded benefits, for example guaranteed minimum annuity rates, have been required to take independent financial advice before they can transfer […]

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AFH acquires advice firm in £660k deal

AFH has bought the assets of East Anglian IFA CRS Financial Planning for £663,670. CRS will add £25m of assets under advice to AFH. Director Chris Stapleton will retire from the business with CRS’s clients being managed by AFH advisers. The purchase price represents 2.6 per cent of assets under advice. A sum of £378,920 will be […]

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]

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