Investment trusts can choose to opt out of the requirements of PRIIPs Regulation and associated technical standards until new legislation comes into force, the FCA said in a statement today.

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Fund manager Schroders has launched the UK’s first long-term asset fund (LTAF) dedicated to UK venture capital investing.

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Operating income rose 1% to £944.2m for merchant bank and investment provider Close Brothers for the year ending 31 July.

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Close Brothers Group has sold its Close Brothers Asset Management (CBAM) wealth management arm to private equity firm Oaktree Capital Management for £200m.

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Some investment and SIPP providers have been retaining interest earned on cash-holdings to subsidise loss-making platforms, according to an FCA study published today.

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Fintech and investment provider Timeline has partnered with The Pension Lab to offer a digital solution to automate and streamline the Letter of Authorisation (LOA) process for advisers.

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Nearly three in 10 (28%) of over-60s with over £200,000 in investable assets or household income have failed to ring-fence money to fund later life care they may need, a new report says.

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The top fixed savings rates have seen significant falls over the past month, according to a new report.

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Wednesday, 18 September 2024
Articles

CPI inflation remained at 2.2% in August, unchanged from the previous month.

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Fast-growing Financial Planning and wealth management group Loyal North has completed two more acquisitions in Hertford and Essex, adding £56m in AUM.

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