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FCA plans 4% increase in adviser levies

The FCA has proposed a 4.2 per cent increase in adviser fees for the coming year. For the 2017/18 financial year, the A13 fee block, of which advisers and other intermediaries are part, contributed £77.1m in regulatory fees. In a statement accompanying its business plan for the year ahead this morning, the FCA has proposed […]

Jupiter hit by £1.3bn outflows

Jupiter Fund Management has seen a total £1.3bn of net outflows in the first three months of this year, according to its trading update this morning. The group attributes the majority of outflows to its fixed income strategies, which saw £1.1bn leaving the funds. However, in its yearly results published in February, the asset manager […]

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FOS fields 40 cases over collapsed Sipp provider

The Financial Ombudsman Service has confirmed it is dealing with just under 40 open cases against collapsed Sipp provider Lifetime Sipp. The Lifetime Sipp Company, which entered administration this month, was found to have links to unregulated investment schemes, and has now appointed Kingston Smith and Partners as its administrator. Lifetime Sipp has not disclosed why it […]

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