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Advisers urged to consider platform financial strength

Understanding the financial strength of platforms is crucial for advisers but is a “minefield” due to the opaqueness of the financial structures and holding companies behind the platforms themselves. That is the view of consultancy the Lang Cat, which has reviewed the financial strength of the advised platform market in its quarterly Platform Market Scorecard. […]

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Standard Life completes life arm sale to Phoenix

Phoenix Group has completed the acquisition of Standard Life Aberdeen’s Assurance limited. The final value for the deal has come in at £3.28bn, including £2.28bn in cash and a 20 per cent shareholding in Phoenix Group for SLA. SLA has has also confirmed plans for returning £1.75bn to its shareholders, £1bn to be returned through […]

Moneyfarm eyes advice expansion as customer numbers double

Robo-adviser Moneyfarm has seen the number of investors using its service double in the past year, latest results show. It now has almost 30,000 clients. However, despite revenues topping £1m for the first time, total losses increased to nearly £14m. Since the launch of a new pension product this year, the average first investment size […]

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