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Firms are now obliged to inform consumers how much they could gain from shopping around for annuities under new rules which take effect this week.

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

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.

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

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

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