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Early Day Motion on sellers&#39 packs

Labour MP Dr Ian Gibson MP is tabling an Early Day Motion, in the House of Commons, criticising the Home Information Pack. It is will be co-signed by Ann Cryer and Bob Spink.

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Menu to be branded Key Facts

The Menu will carry the Key Facts logo and is entitled &#39Key Facts: A Guide to the Cost of Our Services&#39, the FSA has revealed. Advisers will be obliged to hand it out to consumers at the beginning of the process alongside the Initial Disclosure Document explaining what time of advice they are permitted to […]

Jupiter funds shake-up could see performance-related fees

Jupiter is set to shake up the way groups develop funds by polling its key IFA partners about recent regulatory chan-ges in a move likely to prompt the group to introduce performance-related fees. In a radical departure from the way firms traditionally test funds, Jupiter is asking its distribution partners to comment on a range […]

Growing season for Axa IM

Axa Investment Managers&#39 new retail chief Simon Ellis says the group&#39s recent fund launches mark the start of a concerted effort to bring to market products and services to suit IFAs&#39 needs. Ellis, who recently became head of UK retail and multi-manager after leaving Henderson Global Investors, says the corporate bond fund and two multi-manager […]

Implementing new Menu will cost industry £39.75 million

The FSA has estimated that the additional one-off cost to firms of implementing and complying with the new Menu rules will be £39.75m. This will include the costs of management time, training costs, the rewriting of compliance manuals, and the system costs of preparing and updating the menu, amongst other things. The ongoing compliance cost […]

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Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 

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