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Hargreaves reveals DIY drawdown customer behaviour

Customers who entered drawdown contracts without an adviser following the pension freedoms have avoided classic amateur investing mistakes, new figures from Hargreaves Lansdown appear to show. Experts have been warning the Government reforms would leave non-advised customers exposed to market shocks and at risk of crystalising losses. But Hargreaves’ analysis of 27,000 self-managing customers indicates […]

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NAO: FCA lacks evidence on whether it is tackling misselling

The National Audit Office has found the FCA has no clear way of knowing whether its actions are successful in curbing misselling in financial services. In a report on regulation and redress, published today, the NAO says while increased fines and compensation have reduced the incentives for firms to missell products, the FCA “lacks good […]

Fidelity’s Alex Wright: Contrarian bright spots in difficult markets

Equity markets have had a tumultuous start to the year, with the FTSE 100 now more than 20 per cent down from its 2015 peak, placing it in bear market territory. Investors have struggled to hold their nerve, so fears of a market slump have become a self-fulfilling prophecy. Contrarian investors, however, have been able […]

Chancellor reforms stamp duty for commercial properties

The Government has reformed stamp duty for commercial properties by removing the ‘slab’ structure and replacing it with a system more akin to income tax. In the 2014 Autumn Statement the Chancellor did the same thing for residential properties. The change means that when a purchase passes a tax threshold, the higher rate applies to […]

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