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The big interview: AJ Bell chief on easing the pain of re-reg

“The time to mend the roof is when the sun is shining.” That is AJ Bell co-founder and chief executive Andy Bell’s message to advisers considering migrating assets to a new platform. There are two approaches to migrating assets. Some advice firms do re-registrations as an industrial process; others do it as part of their […]

Ascentric predicts snap election will prolong ETF demand

Ascentric is predicting the increased demand for exchange-traded funds to continue in light of this week’s snap election announcement as it reports a cumulative £0.5m boost to clients’ portfolios from exchange traded instruments through its stockbroking service. Prime Minister Theresa May proposed a snap election on 18 April, which MPs approved in a vote the following […]

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Govt ducks the question on state pension triple lock

Prime Minister Theresa May and Chancellor Philip Hammond have both refused to commit to maintaining the state pension triple lock as the election campaign gets underway. The Daily Mail reports at a campaigning event in her Maidenhead constituency, May avoided giving a firm answer on whether the triple lock, which sees pensions rise by wages, […]

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Hedge funds bet against Hargreaves

Hedge funds are betting against UK’s largest broker Hargreaves Lansdown amid increasing competition from large low-cost asset managers and robo-advice offerings from banks. According to regulatory filings, US fund AQR Capital Management and London-based Odey Asset Management have both taken short positions in Hargreaves. Short positions disclosed to the regulator are currently at their highest-ever […]

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