Guidance services should only be offered by authorised firms that commit to professional standards and treating customers fairly frameworks, the Personal Finance Society has said. While the PFS is backing the Treasury’s plans to redefine regulated advice to just advice involving a personal recomendation, the professional body fears the increasing the scope of unregulated guidance […]
Providers are continuing to back annuities despite a mass exodus from the market amid predictions that a “perfect storm” could lead to the sector becoming unviable. LV= is the latest provider to rethink its enhanced annuity offering, having entered discussions with staff about plans to quit the market last week. This Wednesday, it decided on leaving. […]
Fidelity International has added a short-dated corporate bond fund to its UK fixed income range. The Fidelity Short Dated Corporate Bond fund is a bottom-up conservative mandate, aiming to achieve both capital growth and income by investing in sterling-denominated investment grade corporate bonds with a remaining maturity of five years or less. The firm is […]
The FCA has charged a sixth person in relation to an investigation into a suspected “boiler room” fraud. Five individuals: Michael Nascimento, Hugh Edwards, Stuart Rea, Ryan Parker, and Jeannine Lewis appeared before Southwark Crown Court in June charged with conspiracy to defraud for their role in the promotion and sale of shares through four alleged boiler […]
Johnson Fleming has launched its new managed auto-enrolment service, designed to support SME businesses of up to 250 employees. The managed auto-enrolment service is not just about providing businesses with a software system for them to manage themselves, but more about outsourcing the administration of the project and scheme to Johnson Fleming’s auto-enrolment staff.
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