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What do advisers charge for pension consolidation?

Advisers charge an average of close to £3,000 for advice on pension consolidation, research has found. A survey of just over 100 advisers conducted by consumer champion Which? in May this year found that, on average, financial advisers are charging £2,879 to roll multiple pensions worth up to £150,000 into a single self-invested personal pension. […]

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Architas UK net inflows drop 70%

Architas UK has seen inflows drop by just over 70 per cent in the first half of the year. The Axa-owned asset manager reported £152m net inflows for the first six months of 2018, compared with £546m in the first half of 2017. Globally, Architas’s net inflows dropped to €797m (£710.6m) in the first half […]

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FCA and CII announce new exam to ‘reassess’ Level 4 qualifications

The FCA and Chartered Insurance Institute have announced a new test to reassess whether or not advisers with the Level 4 Diploma in Financial Planning still have sufficient knowledge. From 1 October, the Regulated Retail Investment Adviser Re-Evaluation assessment will be available after a collaboration between the FCA and CII aimed at raising the standards […]

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MP demands secondary annuity market U-turn

Plans to allow annuity holders to sell their policies on a secondary market should be revived, according to Liberal Democrat MP Stephen Lloyd. The government rolled back its proposed second-hand market plans in October 2016 over fears a competitive market could not be created if the required consumer protections were put in place. An estimated […]

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