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L&G committee criticises lack of action on high legacy charges

Legal & General has received a positive report from its independent governance committee, but concerns remain over how long it is taking to rectify high charges in legacy products. While the committee, which includes former Investment Association chief executive Daniel Godfrey, ruled that overall most members are offered good value for money, excessive costs for […]

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Keith Richards: The FSCS alternative staring us in the face

Unintended consequences of the pension reforms could further affect access to advice, ultimately derailing consumer freedom and choice. There is already evidence professional indemnity insurers are beginning to withdraw cover or harden terms for advisers associated with defined benefit transfers. But this is not a failure of PII. It is a more fundamental system failure, […]

FCA warns of fraudulent Jupiter clone firm

The FCA has warned consumers that a scam firm has been pretending to be Jupiter Asset Management. The clone firm, has been operating under the name of “Jupiter Fund Management” but is not related to the real Jupiter. According to the FCA, fraudsters are using the details to convince people they are an authorised firm. Jupiter […]

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