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Woodford Investment Management has invested £21million in AJ Bell, the company has announced.

The FCA has proposed changes to the new capital adequacy rules - including a relaxation of the frequency of calculating AUA - which it says will reduce firms’ compliance costs.

Co-founder of Sipps firm Mattioli Woods, Bob Woods, will step down as executive chairman next year to take on a new role.

A director at Suffolk Life has left the company after it ended a strategy of pro-active acquisition of Sipp books.

Hornbuckle and Prudential have joined forces to bring a new at-retirement proposition.

A pensions specialist has been handed a position on Sipp and SSAS firm Talbot and Muir’s board.

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