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Hargreaves Lansdown to launch new non-advised service

Hargreaves Lansdown is to launch a new non-advised service later this year to allow customers to invest directly in model portfolios. In its latest trading update, published today, the company reveals plans to launch its HL Portfolio Plus service by the end of June. The portfolios will be will be rebalanced as part of the […]

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Advisers sceptical over Govt £10bn red tape pledge

Government plans to target red tape and heavy handed regulation have been met with scepticism from financial advisers. Newly appointed Business Secretary Sajid Javid announced the plans this week, targeting £10bn in savings. Javid also pledged to ease the regulatory burden on small businesses. Simple Financial Advice managing director John Wilkinson says: “We are so […]

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UBS to pay £351m over forex and Libor scandals

Swiss giant UBS will pay $545m (£351m) to US authorities to settle the investigation into alleged foreign exchange benchmark rigging. In a statement released today, the bank says the fine includes a $342m Federal Reserve penalty related to forex activities. The bank has also paid a $203m penalty for breaching its Libor agreement, including a pledge not to […]

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FCA in talks with industry and lawyers on insistent clients

The FCA is in discussions with industry representatives and lawyers on its approach to insistent clients. Any saver who wants to ditch their defined benefit scheme for a defined contribution plan to take advantage of the new pension freedoms will be required to take advice before transferring. Industry experts have raised concerns that advisers who […]

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