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Santander warns borrowers on interest-only mortgages after completion

Santander is warning borrowers about the risks of interest-only mortgages after the sale has completed. The lender is carrying out spot checks on its interest-only mortgage customers by calling borrowers at random and testing their understanding of the loan they have just taken out. Santander has not explained to Money Marketing why these checks are […]

Who are the adviser winners from the CISI awards?

Acumen Financial Planning was recognised as accredited financial planning firm of the year at the Chartered Institute for Securities and Investment Financial Planning Gala Awards 2016. The awards were held yesterday as part of the CISI Financial Planning Conference at the Celtic Manor Resort in Wales. Former Institute of Financial Planning president Jane Wheeler was […]

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FCA to pull back from fund manager charge cap

The FCA is set to stop short of imposing a fund management charge cap as part of its asset management review. The regulator began its review of competition in the fund management industry in November, and is assessing how fund groups deliver value for investors. The FCA has been considering whether to introduce a ceiling […]

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FCA levels playing field for investment trusts with Mifid II decision

The Association of Investment Companies has welcomed the FCA’s decision not to consider investment company shares to be automatically “complex” under Mifid II. The AIC says the suggestion that investment trusts should fall under this definition had put them at a competitive disadvantage to other investment products. Retail investors in complex products must be assessed for “knowledge […]

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