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Network moves to avoid AR pension transfer ban

Network Best Practice has taken greater control over appointed representatives working on pension transfers over fears they will not secure professional indemnity insurance, Money Marketing can reveal. In addition, one of the biggest networks in the country confirms trustees from ceding schemes are questioning whether ARs have the correct permissions. Last year the Treasury introduced […]

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Hargreaves head of equities exits as London office shuts

Richard Hunter and Keith Bowman have left Hargreaves Lansdown after the firm shut its London office. Hunter, who was head of equities at the firm, and Bowman, who was equity analyst, were both regular commentators in the media. The move to shut the London office comes as Hargreaves has decided to centralise its public relations […]

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Advisers slam new advice firm over ‘low cost’ claims

Advisers have slammed claims from a new firm that it offers a service equivalent to full regulated advice at a lower cost. The new firm, called Flying Colours and launched by former Octopus co-founder Guy Myles, provides advice over the telephone and online. The overall cost is between 0.5 per cent and 1.05 per cent. […]

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Chris Hannant: Time to ban claims firms from financial services

The Government is finally cottoning on to what the rest of us have known for some time: claims firms provide no useful purpose other than helping themselves. The Ministry of Justice has just published proposals that will tighten up the rules under which they operate. But while this is very welcome, it does not go […]

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