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Commerzbank says Jupiter up for sale

German banking giant Commerzbank confirmed this week that it is to sell UK asset manager Jupiter. The news follows last month&#39s announcement that the bank was conducting a strategic review of its global asset management operations. It now also says it is seeking a buyer or strategic partner for its US fund management business, Montgomery.

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Labour may hit middle income earners says R&SA

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FSA in phone probe on IFAs&#39 Isa transfer deals

The FSA is conducting telephone surveys of smaller IFA firms which carry out Pep/Isa transfer business over fears of possible chur-ning, according to regulatory specialist Compliance Consultants.The company, which specialises in informing its subscribers of potential regulatory headaches, says the move indicates the FSA believes there is churning going on and could be the precursor […]

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