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FCA bans ‘reckless’ payday lender

The City watchdog has banned the director of a payday loan firm, claiming that he acted “recklessly” and that customers frequently were misled or treated unfairly. Wage Payment and Payday Loans Limited also used the trading names ‘Payday Overdraft’, ‘Wage payday’ and ‘Doshloans’. Andrew Barry Hart is the sole director, controller and ultimate owner of […]

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Aberdeen sees £1.5bn outflows from property fund

Aberdeen Asset Management has seen £8.9bn of net outflows in the past quarter, including £1.5bn coming out of its property funds. In a trading update, published today, the asset manager saw the largest net outflows from its equities division, with £2.9bn leaving the strategies. Multi-asset followed with £1.7bn of net outflows in the three months to the […]

New Tax Facts out now

Our 2016/17 Tax Facts booklet is now available. Get all of this year’s tax changes in our quick reference guide. Click here to download the guide

Falling redress boosts Chase de Vere profits

Pre-tax profits at Chase de Vere increased by 34 per cent year-on-year, from £4m to £5.4m in 2015. In addition, fee income grew from £48m to £49m and average fee income per adviser increased from £205,000 to £216,000. The firm says the improved profit figures are a result of “a combination of a reduction in […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.

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