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Apfa calls for annuity advice push

Apfa is urging policymakers and pension providers to do more to explain the costs and benefits of taking regulated financial advice at retirement. In its response to the FCA’s retirement income market study the adviser trade body calls for a consumer awareness drive to improve understanding of the intermediary market. Independent research conducted by NMG […]

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FCA: Advisers have gold plated independence rules

Small advice firms have created unnecessary problems for themselves by “gold plating” the regulator’s independence requirements, says FCA technical specialist Rory Percival. The FCA published its findings of a thematic review into independent advice this week. Following the review, the FCA says its rules on independence are not as onerous as some advisers believe and […]

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1

Trustnet D2C platform gives out incorrect tax info to investors

Trustnet Direct has been found to be giving investors inaccurate guidance on pension tax relief less than a week after the direct platform’s launch. The fund data provider launched its D2C platform last week with a £200 cap on annual charges and plus £10 fund and share dealing costs. Explaining Sipp tax relief rules on its website, […]

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