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Consolidator AFH buys up another firm and client bank

Consolidator AFH has secured two acquisition deals in the last two days as it continues its takeover plans for adviser businesses. The two deals take the total number of acquisitions for the financial year so far to six for AFH. Yesterday, the consolidator announced it had purchased the client bank of South Yorkshire IFA Lifetime […]

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Aviva platform reports £13m loss

Aviva’s platform has reported a loss of more than £13m in 2017, according to results filed to Companies House. While the loss is an improvement from the £18.7m reported in 2016 on the back of higher revenue from increased assets under administration, the results come amid a glitch-ridden technology upgrade for the platform. Revenue in 2017 […]

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Fears over investment trust sales as new disclosure hikes costs

Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]

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