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Experts warn of pensions brain drain as Webb and McClymont lose seats

The pensions industry is reeling after leading figures lost their seats, resulting in a pensions ‘brain drain’ in the House of Commons. Pensions minister and Liberal Democrat Steve Webb, shadow pensions minister Gregg McClymont, shadow Treasury minister Cathy Jamieson and work and pensions select committee chair Dame Anne Begg all lost their seats. Hargreaves Lansdown […]

Out of context: Alan Steel

Out of context

“The best thing to do would be to have someone shoot all these people and start again” Alan Steel Asset management chairman Alan Steel on diplomatic form when it comes to the FCA “He’s the kind of guy who would have tried to reason with the school bully and got punched in the face anyway” […]

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Advisers seek compensation for Iress Xplan system failures

A number of advice firms are pursuing Iress for thousands of pounds in refunded fees, after suffering “nightmare” technical problems with its Xplan software. Xplan is an end-to-end system which offers portfolio management, client communication and business management tools. Australian technology provider Iress also owns software programme Adviser Office, following its acquisition of Avelo in […]

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Steve Owen: Transparency is not always simple

The intention of the FCA’s platform charging rules was to make the way investors pay for platforms explicit and more transparent. At the time, the regulator said the new rules were designed to remove fund manager bias and “allow both investors and advisers to compare the costs of investing through different platforms and make an […]

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