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Barclays keeps quiet over potential advice market re-entry

Barclays has remained quiet on potential plans to re-enter the retail advice market. The bank closed its advice arm, Barclays Financial Planning, in 2011, but last February Money Marketing reported on plans that it would re-enter the market through a combination of online and face-to-face advice. This would build on the success of direct-to-consumer platform […]

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National IFA supports MP calls for default guidance

National advice firm LEBC is backing an amendment to the Financial Guidance and Claims Bill to give retirees default guidance as MPs vote on the legislation today. In December 2017 the Work and Pensions Select Committee said the Government should ban pension cold calling and introduce default guidance through the bill. On 6 March the […]

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Segregated mandates predicted to swell to £180bn in two years

The market for wealth manager and discretionary fund manager segregated mandates is predicted to more than double to £180bn in the next two years, which will further force transparency on investment fees, according to research from consultancy NextWealth. Currently, wealth manager segregated mandates account for around £86bn in assets, which NextWealth says represents approximately 12 […]

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Tenet to compensate following dispute over Sipp charges

TenetConnect must compensate a client who was not told about charges on investments in a self-invested personal pension. According to a Financial Ombudsman Service decision, Mrs H complains her financial adviser LEBC, which was an appointed representative of Tenet until August 2017, did not inform her about charges that would apply to investments made in […]

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