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Clydesdale delays IPO

Clydesdale is delaying its planned IPO on the London Stock Exchange for 24 hours due to fresh rating agency queries. A stock exchange announcement says the bank, which will trade as CYBG, successfully demerged from National Australia Bank today. The announcement says: “CYBG has received a recent specific request from one of the rating agencies […]

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Investment Association hikes membership fees

The Investment Association has raised fees for small member firms to cope with the “considerable increase in regulatory and lobbying costs”. The trade body, which recently disbanded its regulatory affairs unit to cut costs, has written to a number of its members to explain the fee move, which will apply to both full and sector members. An Investment […]

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Show of strength: Osborne talks tough but how will exit fees cap work in practice?

Chancellor George Osborne’s pledge to set a cap on “excessive” early exit fees for pensions has sparked a wider debate on how firms charge customers for leaving products. The Chancellor’s intervention focuses on people being “blocked” from the new pension freedoms but there are calls for the principle to be applied across financial services. However, […]

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