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IFAs 1 Banks 0

The latest ombudsman report allows IFAs a wry smile as complaints against IFAs have plummeted while complaints against banks have rocketed.

IFAs have been professional-ising. Have the banks? Not for PPI missales, they haven’t. These figures underline that the RDR paper, having swung away from the banks towards IFAs, should stay where it is. Regulation should now focus on the problems and these figures show where the problems lie.


Ingenious keeps a narrow focus

Ingenious Asset Management says it decided against a fund of funds structure for its UK equity fund because it wanted to create a fund that was precision engineered.

Five-year fixed deal from Network Data

Network Data is offering an exclusive five-year fixed-rate mortgage deal from Abbey up to 60 per cent loan to value. Maximum loan is 550,000 and there is a 1,499 fee.

Close makes 6.4m profit on Grosvenor

Close Ventures has made a 6.4m profit after disposing of its 49 per cent stake in occupational health service provider Grosvenor Health Group.

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]


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