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FCA sets out Priips impact on rulebook

The FCA has published a consultation paper detailing how the disclosure rules in the FCA handbook will be amended when the Packaged Retail and Insurance-based Investment Products  regulation takes effect on 31 December. Under the new rules, firms will be required to provide a consumer-friendly key information document for each product, outlining its benefits, risks […]

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Hope of bargains in FTSE 250 slump despite talk of gloom

In the two weeks following the vote to leave the EU the FTSE 250 continued to lag the UK blue-chip index. The mid cap index slumped by 13 per cent in the two days after the EU vote, before rebounding. But it has since slid back sliding as Brexit and a weaker sterling continue to […]

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DB lifeboat fund in £4bn surplus despite BHS collapse

The Pension Protection Fund has a surplus of £4.1bn, a funding ratio of 116.3 per cent, its annual report shows. The defined benefit lifeboat fund, which is funded by a levy on schemes, had to take on the pension assets and liabilities of failed retailer BHS, which collapsed in the spring. BHS as the largest […]

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FTSE hits 10-month high as gilt yields go negative

The FTSE 100 rallied yesterday following Bank of England governor Mark Carney’s speech pledging more monetary stimulus to the economy. The blue-chip index rose to end the day at 6524.30, a 144 point rise. The level marks the highest since August last year. In the speech yesterday, his second since the UK’s vote to Brexit, Carney signalled that […]

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