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Mifid II delay confirmed in European Parliament

The European Parliament has formalised the delay of Mifid II this week, after hearing the infrastructure required for the legislation would not be in place by the current deadline. The move pushes the implementation date back from January 2017 to January 2018. In February the European Commission confirmed it planned to delay the deadline by […]

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Fears Sipp cap ad could block blended pension products

New Sipp capital requirements could block providers’ plans to launch products that blend drawdown and annuities. Annuity provider Partnership has launched a Sipp containing an annuity that can pay the income inside the pension wrapper. However, FCA capital adequacy rules that come into force in September mean Sipp operators have to hold higher capital against […]

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Tony Wickenden: SJP deal won’t damage our integrity

Technical Connection joint managing director Tony Wickenden has vowed the acquisition by St James’s Place will not challenge the technical support firm’s integrity. Money Marketing revealed SJP’s deal to buy Technical Connection for an undisclosed sum earlier this morning. Speaking to Money Marketing and setting out the rationale behind the deal, Wickenden says: “It was […]

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