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Retirement adviser LEBC hit by pandemic
LEBC, the retirement advisory firm whose CEO died suddenly last year, has reported a loss of £232,000 in its latest financial figures. The previous year it made a loss of £401,160.
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Adviser to pay out for second time over UCIS investments
Financial advice firm Professional Financial Services (PFS) has been ordered by the Financial Ombudsman (FOS) to pay out after advising a client to invest in an unregulated collective investment scheme.
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7% of investors relying on using social media
ofAlmost one in ten (9%) of investors said that the source of information they have increased the most to help manage their investments is social media, with 7% now regarding it as their most important source of information.
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Expansion for IFA arm of SIPP provider
Leicester-based wealth adviser Westerby Investment Management has recruited three new members of staff from Berkeley Burke in an expansion move.
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AIC creates 3 new investment sectors
The Association of Investment Companies (AIC) is creating three new investment company sectors as part of a sector reshuffle.
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