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Equitable Life policyholders paid more than £70m
A progress report from the Treasury says £70m has been paid to Equitable Life victims out of the £1.5bn compensation scheme.
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Paymentshield to be sued for slashing commission
Broker alleges commission cut is a breach of contract.
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Further £50bn QE likely
The Bank of England is expected to announce a further round of QE on Thursday.
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New directory launches for online advice sources
Guide to Advice will feature independent, restricted and simplified advice firms, plus money coaching and execution-only services.
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NAPF: Savers face £1bn hit from 'unfair and opaque' annuity system
Joint report by the National Association of Pension Funds and the Cass Business School calls for a range of fundamental reforms to the way people shop around for a retirement income.
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Net retail sales fall 40% in 2011, IMA stats
The IMA has seen net retail sales fall 40 per cent to £18bn in 2011.
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Most people have zero risk appetite, FSA finds
The majority of people have no risk appetite at all when it comes to investments, the latest research by the FSA shows.
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Tenet: Set aside differences and back a trade body
Tenet says IFAs need to put aside some of their differences and show support for a single trade body if they are to have a united voice and lobby effectively.
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Aberdeen to soft-close £2.7bn emerging markets fund
Aberdeen Asset Management is stemming flows into £9bn emerging markets fund range by asking IFAs to remove the funds from their buylists.
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FSA shuts down sale and rent-back market
The FSA has today published a report that shows most sale-and-rent-back transactions were either unaffordable or unsuitable and never should have been sold.
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FSA takes action against UBS over rogue trades
The FSA and the Swiss regulator Finma is to commence enforcement action against UBS over losses allegedly caused by rogue trader Kweku Adoboli.
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Punter Southall acquires PSigma Asset Management
Punter Southall Group has taken 100% ownership of joint venture PSigma Asset Management.
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Alliance Trust mulls target return bond
Alliance Trust is considering launching a target return bond fund and has dropped plans for a strategic bond fund.
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Old Mutual builds up Euro banks
Old Mutual corporate bond manager Christine Johnson has added 6 per cent into European banks in the £550m Old Mutual corporate bond fund.
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