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New FSCS chair named

The FCA and PRA have appointed Marshall Bailey as chairman of the Financial Services Compensation Scheme. Bailey joins from UK Financial Investments, where he is a non-executive director. He is also a non-executive director at Chubb European Group and CIBC World Markets. FSCS boss: Extra levies ‘price we pay for greater choice’ Bailey succeeds Lawrence […]

What goes on behind the scenes when a platform changes technology?

No amount of rigorous testing can eliminate all the teething problems when hundreds of thousands of client accounts are being moved With multiple platforms undergoing technology changes, advisers are having their work disrupted by businesses moving their clients’ data. Two significant client data migrations have taken place in the past two months, with Aegon moving […]

AJ Bell cuts MPS management charge by 40%

AJ Bell has cut the annual management charge on its managed portfolio service from 0.25 per cent to 0.15 per cent, plus VAT. AJ Bell claims that this 40 per cent reduction makes this one of the cheapest options for financial advisers and their clients looking for a managed investment portfolio. At the same time […]

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