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£280m Charles Stanley takeover is delayed
The takeover of wealth manager and SIPP provider Charles Stanley by US-owned rival Raymond James has been pushed back a month due to delays in securing FCA approval.
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FCA plans new Consumer Duty for firms
The FCA is to consult on introducing a sweeping new Consumer Duty which will require firms to do more to protect consumers from harm and bad financial decisions.
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FCA cracks down on appointed reps
The FCA is consulting on plans to significantly strengthen regulation of appointed representatives (ARs) after analysis showed firms employing appointed reps suffered four times as many complaints as firms not using appointed reps.
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FCA says SIPP claims a factor in compensation shake-up
The FCA has launched a major review of the funding of the Financial Services Compensation Scheme due to soaring costs, including rising SIPP claims.
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Abrdn to buy Interactive Investor for £1.49bn
Investment manager Abrdn has confirmed plans to buy the direct to consumer financial platform Interactive Investor for £1.49bn.
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