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Cazenove Capital acquires private bank

Cazenove Capital is to acquire C Hoare & Co’s wealth management business for an undisclosed sum. The oldest private bank in London, C Hoare & Co has 1,800 private clients and £2.2bn of discretionary assets under management as at the end of June. Cazenove, which is Schroders’ UK wealth manager and manages £33.8bn globally, says […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]

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FCA: Banks could help advise less ‘savvy’ customers 

Banks could give unbiased advice to help less “savvy” customers, according to FCA research. In a research paper published last week, the regulator looked at how particular groups of consumers are affected by price discrimination in financial services. It examines firms charging different prices to different individuals, resulting in some groups paying high mark-ups and cross-subsidising […]

Martin Tilley: Sipp consolidation is not over yet

The new capital adequacy requirements for Sipp operators finally became effective from the beginning of this month. When the FCA’s thematic review and capital adequacy regime was first announced, many commentators predicted a run of consolidation in the Sipp operator marketplace. Since then, a number of firms of all sizes have indeed changed hands. It […]

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