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FCA Announces that IFAs are to Disclose Esoteric Investment Recommendations

6th November 2017
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| Categories: Financial Services News

  The FCA has recently announced that IFAs are to disclose more risky investment strategies which they have recommended to their clients The FCA’s reforms follows its review of the Financial Services Compensation Scheme (FSCS); from 2013-2016 around a third of FSCS claims were linked to the sale of esoteric investment plans by Advisers. During the consultation The FCA did not address the proposal that Advisers selling higher-risk products were…

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UKEF to Help UK SME’s Access Financial Support

23rd October 2017
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| Categories: Financial Services News

UK Export Finance (UKEF), on Monday 16th October 2017, announced that it has launched a new partnership with five renowned high street banks – Barclays, Llyods, HSBC, NatWest and Santander – to provide SMEs with access to millions in government-backed trade finance. What is UKEF?  UKEF, as part of the Department for International Trade, provides financial support to help UK companies sell to international customers. What are the implications…

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The Week in Numbers – 13th January 2016

13th January 2016
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| Categories: Financial Services News

The Week in Numbers 225 – Number of Investment Advisers Santander expects to employ by the end of March 7% – Fall in China’s CSI 300 index on Monday, triggering newly-introduced “Circuit-Breakers” that halted trading for the day 21% – Rise in mortgage approvals year-on-year in November, according to Bank of England Figures 13k – Number of new affordable homes the Government plans to build this year through directly…

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The Week in Numbers – 14th December

14th December 2015
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| Categories: Financial Services News

The Week in Numbers 9% – Annual rise in house prices in the three months to November, down from 9.7% in October, according to Halifax £20K – New minimum capital adequacy requirement for advice firms. It was previously £10,000. 0.3% – Expansion of Eurozone GDP in Q3 2015, compared to Q2, according to estimate by Eurostat 25% – Shares in Clydesdale and Yorkshire Bank to be sold in an…

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