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Robo changes could take business off traditional mortgage brokers, FCA says

The FCA says it expects technology changes to cause lenders to rely less on traditional mortgage brokers in the future. The regulator makes the prediction in its ‘sector views’ document, published alongside its 2018/19 business plan today. The document says: “PSD2 and Open Banking are likely to accelerate the digital transformation of retail lending business […]

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SJP reveals 47 per cent gender pay gap

St James’s Place has revealed that its male employees are paid 47.2 per cent more than its female staff – one of the largest gender pay gaps reported by a firm operating in the investment sector. The wealth manager also revealed that women received bonuses 80 per cent lower than men on average. In SJP’s report it […]

Fidelity cuts fees as new equity index funds launched

Fidelity International has launched six cross-border equity index funds and further reduced the pricing on three of its UK-domiciled OEIC index funds. The range of six Irish-domiciled ICAV funds cover the US, Europe, Japan, Pacific ex-Japan, developed global and emerging markets. Fees start at 0.06 per cent for the S&P 500 fund, increasing to 0.20 […]

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