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Aviva platform reports £13m loss

Aviva’s platform has reported a loss of more than £13m in 2017, according to results filed to Companies House. While the loss is an improvement from the £18.7m reported in 2016 on the back of higher revenue from increased assets under administration, the results come amid a glitch-ridden technology upgrade for the platform. Revenue in 2017 […]

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FCA urged not to ban contingent charging by own advisers

The FCA has been urged not to place an outright ban on contingent charging by some of its internal advisers. Money Marketing understands members of both the FCA’s smaller business practitioner panel and wider practitioner panel – two industry groups set up to advise the regulator – have put pressure on the FCA not to […]

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Lib Dems: Scrapping pot follows member was ‘incompetent’

The Liberal Democrats have branded the government’s decision to delay a pot follows member pension system “incompetent”. The Liberal Democrat spokesman for work and pensions Stephen Lloyd MP says the move by pensions minister Guy Opperman shows how “rudderless” the current government is on pensions policy. Last October Opperman suggested the pot follows member initiative […]

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