As ever, some sectors of the financial services industry will end the year with cause to celebrate w...
As ever, some sectors of the financial services industry will end the year with cause to celebrate while others mop their brows and hope the New Year brings better fortune. Perhaps the worst sufferer this year has been the life industry, with many with-profits funds continuing their slide towards closure. It has also suffered from the Government's 11th-hour U-turn on holding residential property in Sipps and Pensions Commission proposals that effectively remove independent advice from retirement provision by capping charges on the Britsaver scheme at 0.3%. The investment trust industry on...
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