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Record monthly rise in inflation to 2.9%

Inflation rose sharply last month to 2.9 per cent, up from 1.9 per cent in November, according to figures from the Office of National Statistics. The rise in the consumer price index is the biggest since records began in 1997.

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Platforms urged to check on adviser charges

Ascentric says platform providers should monitor adviser charges on their platform and question high fees to avoid misselling. Managing director Hugo Thorman said platform firms should have a duty to monitor charges levied on clients. He said: “I am a definite minority in this but I think by not monitoring adviser charges we could end […]

Keeping up with the pace of change

What was your first job?My first job was as a sales support executive for the now defunct Mortgage Express. Back in the day, Mortgage Express was a great place to work, with a real entrepren-eurial feel to it. This role gave me my first taste of the online world – I registered the company URLs […]

Fraudster gets suspended sentence

Mathew Symmonds, 25, who was a customer adviser with Halifax in Middlesbrough,had admitted fraud charges totalling £1,650 when he appeared before Teesside magistrates. The magistrates then sent him to crown court for sentencing as they considered that their power of imposing a maximum of six months’ imprisonment would not be sufficient. However, at Teeside Crown […]

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]

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