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Aegon reviews processes after charges error

Aegon is to make changes to how it communicates charges after admitting it sent conflicting information about a customer’s fund fees. Correspondence seen by Money Marketing between an adviser – who wishes to remain anonymous – and the provider shows total expense ratios differed across a range of funds when quoted three weeks apart. The adviser […]

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Barclays’ profits dip to £5.4bn as bonuses plunge 10%

Barclays has reported a 2 per cent drop in pre-tax profits for 2015 as bonuses were cut by 10 per cent across the business. The bank made £5.4bn in profit during the year, down from £5.5bn in 2014. Total incentives, including bonuses, were £1.6bn, down 10 per cent from £1.8bn the previous year. The bank […]

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IMF warns Brexit and housing market threaten UK economic progress

The International Monetary Fund has warned the upcoming Brexit vote and the housing market both threaten to derail the UK’s recent economic progress. In a note issued on Wednesday, the crisis lender highlighted that Britain’s economic engine had been growing steadily in the wake of decent private domestic demand, supported by rapid job growth, with […]

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