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Out of Context: “I was hoping they might go home at 11.”

“I was hoping they might go home at 11. When it got to 4am and they were dancing on the tables I realised I was wrong.” 

Bostonian and Fidelity head of platforms Pat Shea assures an MM hack he did the cleaning after hosting a Thanksgiving party that went on later than expected.

“Tom is right at the other end of the room. I can see his ears from here.”

Hargreaves Lansdown head of financial planning Danny Cox launches an unnecessary attack on colleague Tom McPhail.

“If I get slightly distracted it is because Father Christmas has just walked past.”

MM tries to interview LV= head of annuities and equity release Vanessa Owen in the middle of some office festivities.

 “I’d be strung up by my thumbs if I told you too much about it.”

In Partnership chief executive Kevin McDonagh says draconian punishments are in order for anyone caught revealing commercially sensitive information.

“Has anyone got a hairdryer?”

Master Adviser senior partner Roy McLoughlin tries to help out a soggy Plan Money director Peter Chadborn after a drinks spillage

“On balance, it was good to meet you, sort of.”

LV= senior press officer Addy Frederick was left a little underwhelmed when she met a recent MM recruit. 



D2C platform to launch with capped pricing at £200

An execution-only platform is launching in January, becoming the latest platform to cap charges at £200 a year. The Daily Telegraph reports that Trustnet Direct will charge 25 basis points, capped at an annual charge of £200. There is also a £10 dealing charge, with discounts for frequent traders. AJ Bell revealed earlier this month […]


Advisers urged to unite behind Apfa after IFA Centre closure

Advisers have been urged to unite behind Apfa following the closure of trade body IFA Centre. IFA Centre managing director Gill Cardy announced last week the organisation is to cease operating as a trade body after failing to secure enough members. Former Professional Partnerships principal Cardy set up IFA Centre in September 2011 purely for […]

Pensions-savings-retirement-piggy bank

IFS: People born in ’60s and ’70s no better off in retirement than predecessors

People born in the 1960s and 1970s will be no better off in retirement than their predecessors unless they inherit wealth, according to a new report. The Institute for Fiscal Studies has today published a study comparing the retirement wealth expectations of different cohorts of people born after World War Two. The report says when […]


DWP hits back over pension charge cap impact assessment ruling

The Department for Work and Pensions insists its auto-enrolment charge cap plans will not be derailed after a damning report criticised its assessment of the impact the reform will have on the pensions industry. The Regulatory Policy Committee, an independent body set up by the Government to scrutinise regulation, last night labelled the DWP charge […]

Bonds in 2017: Stick or twist?

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]


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