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Barnett Waddingham, the pensions and employee pensions firm, has appointed its first managing partner.

The FCA is proposing to retain a wider-scale public register of advisers and others working at financial services firms, it announced this morning.

Life insurance consolidator Phoenix Group has swooped on Standard Life Assurance and plans to buy the business for £3.2bn with owner Standard Life Aberdeen taking a 20% stake in Phoenix.

AJ Bell, the rapidly growing platform and Sipp provider, had declined to comment on reports it is planning to float on the stock market.

Some 17% of financial advisers have changed their preferred platform in the last 12 months as dissatisfaction with service levels grows.

Police have raided four homes and businesses as part of an investigation into “poorly-run pension schemes suspected of links to cold-calling”.

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