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Falling subscriptions push Apfa to £30k loss

Falling subscriptions fees from associate members pushed Apfa from profit to a deficit of £30,000 in the year to June 2015. The trade body’s audited annual report shows it made a £30,080 loss compared to pre-tax profits of £29,253 over the same period in 2014. Turnover also fell, from £797,842 in the year to June […]

Parmenion founder Richard Mein dies

Parmenion founder Richard Mein has died aged 52 following a short battle with cancer. Mein, who who is survived by a wife, son and daughter, started the Parmenion business in 2007 having previously worked at Rowan & Capital Management as head of operations. He began his career in 1983 as a trainee with NatWest and then spent […]

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TPAS appoints Nest exec as chairman

The Department for Work and Pensions has appointed Museji Ahmed Takolia as chair of The Pensions Advisory Service. Takolia, who will serve a four-year term and replaces Geoff Shanks, is also chair of Government auto-enrolment scheme Nest’s member panel. TPAS provides pensions guidance over the phone and also delivers the Pension Wise service. Pensions minister Ros […]

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Charles Stanley funds under management slump £300m

Funds under management at Charles Stanley slumped £300m in 2015 following adverse market movements and lost clients. A trading update published today shows total client funds fell by 2.3 per cent in the nine months from March to December 2015, from £21.3bn to £20.8bn. Year-on-year, assets dropped by £300m. Since March 2015 the manager has […]

Directors, limited liability partners and auto-enrolment

By Jim Grant, Senior Product Insight & Technical Support Analyst 6 April 2016 brought in changes to employer duties for directors and partners in limited liability partnerships. Here we explain exactly what’s changed. Before 6 April 2016… Directors of limited liability companies where there were no other directors or employees were exempt from the employer […]

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