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FSCS could face £124m bill over Rowanmoor failure
The Financial Services Compensation Scheme faces a payout of up to £124m after declaring collapsed SIPP and SSAS firm Rowanmoor as failed.
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ABI says personalised guidance will boost decision making
New research by the ABI has revealed that 76% of the people it included in an advice 'experiment' made decisions leading to a better financial outcome when guidance was ‘personalised’ to an individual’s circumstances.
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The Pensions Regulator warns on cyber attacks
The Pensions Regulator has called on trustees to help battle cyber-crooks by reporting significant cyber-related incidents as part of updated guidance to tackle the ongoing threat posed by cyber criminals.
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BSPS adviser BlueSky Wealth Management fails
Birmingham-based BlueSky Wealth Management Ltd (FRN: 446963) has failed, opening the door to claims against the firm through the Financial Services Compensation Scheme (FSCS).
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Firms must halt ‘double dipping’ on cash savings
The FCA is cracking down on the practice of so-called ‘double-dipping’ by investment platforms and SIPP operators whereby they keep interest on customers’ cash balances and charge them a fee for doing so.
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