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Woodford to raise fresh assets for Patient Capital

Neil Woodford is looking to attract a wave of new cash into his £774.5m Patient Capital Trust in a bid to invest in a number of untapped opportunities. In an announcement to the the stock exchange, the trust’s board said it is “currently looking at ways it can raise additional capital in the year ahead […]

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FCA investigates HBOS senior managers

The FCA and Prudential Regulation Authority are investigating some former HBOS senior managers about their role in the failure in the bank. The FCA says the investigations will “determine whether or not any prohibition proceedings should be commenced against them”. It adds: “The FCA and PRA continue to review materials with a view to making […]

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L&G reports new Aviva protection products over legal ‘conflicts’

Insurers including Legal & General and Royal London are disputing whether Aviva’s new business protection products are allowable within tax rules, Money Marketing can reveal. Aviva launched two new products on the Aviva Life Protection Solutions platform last month including a “market first” relevant life insurance with the option to add critical illness cover. Money […]

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Investment advisers face £108m FSCS levy

Investment advisers are to pay £108m to the FSCS levy in the coming year, with the total industry levy rising to £363m. Life and pensions intermediaries will pay £80m in the 2016/17 financial year. The FSCS says the hike for life and pension intermediaries is due to the increasing number of claims for people wrongfully […]

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Considerations for overseas workers in Germany

With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.

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