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Regulator rethink on misselling costs

The FSA has amended its proposals banning providers from using with-profits inherited estates to pay misselling costs so that it now only applies to future misselling.


Funds down by 11% to £16bn

Overseas domiciled funds under management fell by 11 per cent last year to 16.1bn from £18bn in 2007, according to statistics from the Investment Management Association.

A sense of gilt

Amid an almost unprecedented year of financial crisis, 2008 was all about gilts.


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