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Charles Stanley latest to cut Woodford from best buy list

Charles Stanley Direct has become the latest company to shun Neil Woodford’s flagship Equity Income fund from its list of preferred holdings. Charles Stanley’s Foundation Fundlist is a 54-strong set of the firm’s “highest conviction investment ideas” across active, passive and investment trusts covering major sectors. The LF Woodford Equity Income Fund had been on the […]

Outgoing SJP chief executive David Bellamy
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Ex-SJP boss Bellamy defends charging model

The widely-held view that St James’s Place is one of the most expensive advice firms has been shot down by its former chief executive, David Bellamy. The charging structure at SJP faced more scrutiny last year after an undercover investigation by Which? that found charge disclosure varied and restricted advice limitations were not properly explained […]

FCA warns copycat scammers are cashing in on structured product provider failure

The FCA has warned investors that copycat scammers are claiming to represent the custodian of a failed structured product provider to cheat people out money. Reyker Securities took on custody and administration responsibilities after Merchant Capital, the structured products arm of Merchant House Group, went into administration in January 2013, leaving £400m in structured product plans in […]

db pension rights
6

Steve Webb: Let people pay transfer advice costs from DB pension rights

Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]

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