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Advisers brand Govt ‘right to advice’ as misleading

Advisers have hit out at the Government for “misleading” savers after it referred to its pensions guidance service as a “right to advice”. With the overhaul to pension flexibility set out in the Budget, the Chancellor pledged to develop a face-to-face guidance service for members of defined contribution schemes at retirement. The initiative will be […]

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AJ Bell to bulk-convert to clean in Q4

AJ Bell will bulk-convert holdings on its platform into clean share classes in Q4 this year..  Standard Life and Alliance Trust Savings have already completed their conversions to clean share classes. Other platforms are in the process of bulk converting while some currently only support client-led conversions. From 6 April AJ Bell’s platform research tool will […]

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AFH posts £1m profit as it prepares AIM float

AFH Financial has posted a £1m operating profit for 2013, up from £294k in 2012, as it prepares to float on the AIM market.  Adviser numbers at the adviser and discretionary wealth management firm increased 36 per cent from 94 to 128 last year. Revenues increased by 50 per cent from £7.2 to £10.8m, while cost […]

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