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Lighthouse profits soar despite £500k trail hit

Lighthouse Group pre-tax interim profits have soared 131 per cent from £470,000 to £829,000 despite a loss of £500,000 in revenues due to the switch-off of trail commission. The group’s revenues fell to £23.78m from £23.94m at the end of June 2015. The results say: “Whilst revenues reduced marginally in comparison with the same period […]

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FCA to pull back from fund manager charge cap

The FCA is set to stop short of imposing a fund management charge cap as part of its asset management review. The regulator began its review of competition in the fund management industry in November, and is assessing how fund groups deliver value for investors. The FCA has been considering whether to introduce a ceiling […]

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FCA proposes standalone equity release qualification

The FCA is considering a standalone equity release qualification to give more customers access to the product, including through advisers. The suggestion is part of a consultation on exam standards, which closes on 13 December. The equity release qualification proposal follows discussions as part of the regulator’s work on competition in the mortgage market. The […]

Tom Baigrie: Investing in the market of the future

The default position of protection commentators is the market is in need of reform, and is perhaps even broken. But I now see our collective business as making decent progress overall. For a while now my firm’s internal data has been showing quite clearly our customers are becoming more receptive to the product that will […]

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