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Ascentric marketing director exits

Ascentric sales and marketing director Mike Morrow has quit the company for a new role. Morrow will be replaced by head of business development Justin Blower and head of marketing Sarah Lyons, who will lead sales and marketing, respectively, on an interim basis. Ascentric managing director Jon Taylor says the Royal London-owned platform will consider […]

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Axa platform to pay exit fees for transferring customers

Customers transferring to Axa Self Investor will be able to claim up £750 per person to pay any exit fees levied by ceding providers. The offer is open to new and existing investors who submit a transfer request between 1 May 2015 and 31 July 2015. However, claims must be made within 30 days of […]

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Banks fined £3.7bn for Forex rigging

International regulators have fined five banks a total of $5.8bn (£3.7bn) for foreign exchange rigging. The US Department of Justice has imposed a total fine of $2.7bn (£1.7bn) on Citigroup, Barclays, JP Morgan Chase & Co, Royal Bank of Scotland and UBS. The Federal Reserve imposed fines of $1.6bn (£1bn) on the same five banks, […]

Nucleus pre-tax profit up 26% in Q1

Nucleus has reported a 26 per cent increase in pre-tax profit for the first three months of the year. The platform made a £564,000 profit in Q1, up from £449,000 in Q1 2014. Gross inflows for the first quarter of the year totalled £510m, up by 6 per cent from £481m in the equivalent period […]

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Europe 2018 outlook: Banking M&A and bond market volatility

Rob Burnett, Head of European Equities, Neptune Rob Burnett, manager of the Neptune European Opportunities Fund, reviews the key European developments in 2017, while arguing that fixed income investors should keep a close eye on the liquidity of their portfolios next year. Read more here Important Information Investment risks   This Fund may have a high […]

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