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Adviser platforms lose almost £20m in one year

Adviser platforms suffered a combined pre-tax loss of £19m in the 2015 financial year, a report from consultancy group Finalitiq reveals. The platforms made £7m profits in 2014, but increased competition saw margins in the sector hit and a £26m swing into the red. Of 26 platforms covered in the report, 15 reported pre-tax profits at the end of […]

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MAS director: Combining the three guidance bodies is a good move

The Money Advice Service has said it is supportive of the government’s plans to combine the organisation with Pension Wise and The Pensions Advisory Service into a single guidance body. The original proposal was to leave MAS as a standalone, streamlined money guidance body and combine Pension Wise with TPAS into a new pensions guidance […]

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