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Sipp firms reveal cash margins

Sipp providers have revealed how they split the interest earned on client bank accounts ahead of a 2017 FCA deadline. By April providers must show the margin they retain on cash holdings as a charge on Sipp illustrations. Money Marketing’s research (see table below) shows a wide range in the interest rates firms are able […]

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European equity funds suffer largest outflows on record

European equity funds have seen their largest weekly outflows in history, with $5.8bn worth of redemptions, according to Bank of American Merrill Lynch data. The UK’s vote to leave the EU is forecast to have a negative impact on growth on the Continent, while concerns about Italian bank debt have been brought into focus after the […]

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MPs say Philip Green has ‘moral duty’ to save BHS pensions

Former BHS owner Sir Philip Green has a “moral duty” to repair the firm’s £571m pensions deficit, according to a damning Government report on the retailer’s collapse. A joint report from the Work and Pensions and Business, Innovation and Skills Committees says Green must to act now to help the BHS pensioners. It adds this […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]

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