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FAS helps just 871 people

The Financial Assistance Scheme has provided help to 871 out of the estimated 125,000 people who lost their pensions before the Pension Protection Fund was set up. Pensions minister James Purnell admits it has taken an average of 190 working days to make its first payments.

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Simply Biz adds 1,000 RIs with buy

SimplyBiz has bought Glasgow-based adviser services provider Compliance First in a deal that sees it increase its adviser client base by a third.Around 1,000 registered individuals, representing 205 adviser firms, use Compliance First, giving the combined group 4,000 advisers.Compliance First was owned by managing director Eric Ronald and another unnamed individual. The purchase price has […]

Pru offers with-profits option for protected rights

Prudential has become the first provider to offer a with-profits annuity which accepts protected rights funds.The firm has taken advantage of A-Day changes which allow people to invest their protected rights money in a with-profits annuity, allowing them to take income from age 50 along with up to 25 per cent tax-free cash.Before A-Day, people […]

My Beautiful Wrap – Beauty and the Beast

When I was asked to write a piece on wrap, I didn’t really know what I could say but quickly realised that the only thing I could talk about that could be even slightly interesting was our experience.Around two and a half years ago, I set up Evolve as a comprehensive fee-based financial planning practice […]

Platform to extend trust range

FundsNetwork is designing a further range of trusts for use with its offshore and onshore investment bond and fund offerings.The platform has hired former Prudential taxation and trusts manager Paul Kennedy to oversee the new products.A discretionary will trust, a discounted gift trust and a loan trust will be rolled out by the start of […]

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