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Advisers look to shift duties to paraplanners

Paraplanners are expected to take on more duties traditionally reserved for advisers with the industry in an “existential” phase that will see their role redefined, according to Canada Life research. The firm says 49 per cent of advice firms are currently employing paraplanners, with a further 30 per cent expecting to employ one in the […]

Acquisitions bolster Close Brothers inflows to £1bn

Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]

Focusing on money - Magnifying glass over British pound notes.
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Aegon wins complaint over forcing transfer client to get advice

A complaint that Aegon unfairly refused to allow a pension transfer valued under £30,000 without advice first has been quashed by The Pensions Ombudsman. In a ruling released this week, the complainant said they had attempted to consolidate multiple small pensions pots into an Aegon Flexible Pension Plan, which were all cleared except for their Credit […]

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Carney to stay at Bank of England until 2020

Chancellor Philip Hammond has asked Mark Carney to stay on as Bank of England governor until 31 January 2020 to ensure a smooth exit from the EU. The extension was agreed in an exchange of letters between the governor and the chancellor published this morning. Bank of England deputy governor with responsibility for financial stability Jon Cunliffe […]

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