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Pete Matthew: The importance of selling up without selling out

I read with great interest Carl Lamb’s recent piece about the sale of his firm Almary Green to Standard Life’s advice arm 1825. In it, he eloquently explains the rationale for the decision to sell and argues the old distinction between restricted and independent advisers is changing. He even goes so far as to say he […]

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PRA boss warns housing crash would hit retirement savings

PRA chief executive and incoming FCA boss Andrew Bailey has warned savers investing in property to fund their retirement could be at risk if house prices slump. Yesterday, the PRA proposed new minimum underwriting standards for the buy-to-let sector, arguing that the market is defined by short-term interest-only mortgages that leave consumers vulnerable to hikes […]

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Tracey McDermott to exit the FCA

Acting FCA chief executive Tracey McDermott is to depart the regulator in July, it has been announced. PRA chief executive Andrew Bailey, who was appointed to succeed Martin Wheatley on a permanent basis in January, will take over the FCA following her departure. Bailey will be replaced at the PRA by Sam Woods. McDermott has been leading the […]

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FCA pledges to crack down on unauthorised investment scams

The FCA says tackling and preventing investment scams will be one of its key priorities for the coming year. In its business plan for 2016/17, published yesterday, the regulator says it is particularly concerned about the harm that could be caused to consumers who fall victim to scams related to their pension. The FCA launched […]

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Company sick pay – new findings

Research by insurer LV= suggests that some 11 million employees in the UK have no company-paid sick leave entitlement. So if an employee from within the above grouping cannot work through illness or injury for any period of time, their only income would likely be that provided by state benefits alone.

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