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OFT report a ‘sobering day for the industry’, say insurers

Providers have admitted last Thursday was a “sobering day” for the industry after the Office of Fair Trading published a highly critical report into the workplace pensions market. The OFT report raises concerns about a range of issues in the industry, including high-charging legacy schemes, poor governance standards and a lack of transparency over pension […]

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Sense Network increases profits to £423,000

Sense Network has reported a £423,000 pre-tax profit for the year ending 31 May 2013, up 27 per cent from £307,000 during 2012. The firm’s accounts show turnover increased 46 per cent to £13.6m from £9.1m the previous year with administrative expenses rising to £1.3m from £1m the previous year. Adviser numbers rose 30 per […]

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Ex-Cofunds boss Martin Davis to become Kames Capital CEO

Former Cofunds chief executive Martin Davis is to become chief executive at Kames Capital. His appointment follows changes to the senior leadership team at Kames announced in March, which saw joint chief executive and chief investment officer Andrew Fleming step down and the separation of the chief executive and chief investment officer roles. Stephen Jones […]

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