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McCarthy warns unit trust sector against late trading

FSA chairman Callum McCarthy held a meeting with 25 chief
executives from the largest unit trust managers to remind them of
their responsibilities in relation to late trading and market timing. On
the back of scandals in the US the regulator has surveyed UK fund
managers but dound no signs so far that the &#39abuses&#39 are features of
the UK market.

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.

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