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FSA praised for proc fee decision

The Association of Mortgage Intermediaries welcomes the FSA’s decision to allow rebated proc fees from fee-based mortgage advice to fall outside its client-money rules temporarily. It will apply until a long-term solution is found.

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Britannic launches new Argonaut fund

Britannic Asset Management has launched the Britannic Argonaut European income fund, the second fund to be managed by Argonaut Capital.The new fund, managed by Oliver Russ, will have the same investment approach as the European alpha fund. It is looking to provide income in excess of the yield available from the MSCI Europe ex-UK index, […]

Regulator focuses on release priorities

The FSA has identified four key priority areas in a bid to improve the quality of equity release advice. It will carry out more mystery shopping this spring, will assist firms to meet regulatory requirements and will review lifetime mortgage advice and investment advice.

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