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Fears grow over internet domination

Uncertainty over the future of Moneyextra has sparked fears that one player could dominate financial services portals.
Providers fear a monopoly could lead to increased fees for IFAs and life companies as well as the portal wielding its position to gain enhanced terms.
Experts says the prime candidate behind any takeover is Misys, which is known to have made previous attempts to buy The Exchange. A report from Cap Gemini Ernst & Young says: “Any portal seeking to manipulate IFAs’ access to providers is in danger of undermining its benefit to IFAs.”

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Credit Suisse maps out middle way for income

Credit Suisse Asset Management is to launch a new range of fixed-income products into the UK next year.It is drawing up plans for the launch of three funds across Europe, with the first two funds due to be released by the end of the year.The emerging Europe and US high-yield bond funds are already available […]

City Of London investment management merges funds

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