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News by: Alex Steger

Phoenix Group terminates talks over £1bn CVC takeover

by Alex Steger on Feb 10, 2012 at 09:23

Closed life fund consolidator Phoenix has terminated talks over a possible takeover of private equity group CVC Capital Partners.

In pictures: the key players in Harry Redknapp's tax trial

by Alex Steger on Feb 08, 2012 at 14:46

After Spurs boss Harry Redknapp's two-week trial over his tax arrangements ended in a not guilty verdict, we examine some of the key players in the case.

Adviser Week: Sipp suitability under the microscope

by William Robins, Alex Steger on Feb 08, 2012 at 14:33

New Model Adviser® news editor Alex Steger and chief reporter Will Robins examine how a recent clampdown on the Sipp market by the Financial Services Authority may lead to an influx onfpension money onto platforms.

HMRC extends Liechtenstein tax deal

by Alex Steger on Feb 08, 2012 at 07:55

Around 2,000 tax evaders with money in Liechtenstein have come clean following a major amnesty, as the UK signs an information sharing deal with the jurisdiction.

Osborne promises to fight ‘anti-business culture’

by Alex Steger on Feb 08, 2012 at 07:53

The row over bonuses is threatening to undermine jobs and prosperity in the UK, according to chancellor George Osborne.

Oi, FSA! Why don't you launch an ad campaign for IFAs?

by Alex Steger on Feb 07, 2012 at 11:12

Would it not be too much to ask that the FSA dug out a few pounds from its £578.4 million budget for the next year to promote the services of IFAs?

Aviva wins court battle against man who barricaded offices with digger

by Alex Steger on Feb 06, 2012 at 13:38

Life company Aviva has secured an injunction against a man who staged a protest at its York headquarters last year by blocking the entrance with his digger.

Tenon faces raising £20 million to repair balance sheet

by Alex Steger on Feb 06, 2012 at 08:19

Accountant and advisory firm RSM Tenon has come under pressure to launch an emergency rights issue to raise £20 million in the wake of its profit warning.

Nine out of ten Equitable Life victims yet to get compensation

by Alex Steger on Feb 06, 2012 at 08:18

Nine out of ten victims the Equitable Life scandal, who are owned compensation are yet to be paid a penny, according to the Mail on Sunday

NAPF: 'unfair and opaque' annuity market costing savers £1 billion

by Alex Steger on Feb 06, 2012 at 08:17

The National Association of Pension Funds has called for reform of the annuity market which it claims is ‘hugely unfair and opaque’ and is costing pensioners a combined £1 billion a year in future pension income.

FSA: IFAs most popular and trusted source of advice

by Alex Steger on Feb 03, 2012 at 13:31

IFAs are consumers most popular and trusted source of financial advice, according to research from the Financial Services Authority.

Threesixty launches IFP-backed paraplanning forums

by Alex Steger on Feb 03, 2012 at 10:27

Support services provider Threesixty is to kick off a series of paraplanner events next month, launching the first of the year in Chepstow, where cashflow modelling will come under the spotlight.

Old Mill strengthens chartered team in Exeter

by Alex Steger on Feb 02, 2012 at 14:40

Somerset and Devon-based IFA Old Mill has boosted adviser numbers after recruiting the fourth chartered financial planner for its Exeter office.

MAS to spend £20m on consumer awareness campaign

by Alex Steger on Feb 02, 2012 at 13:42

The Money Advice Service plans to spend £20 million on a new consumer awareness campaign in 2012/2013.

Adviser Week: How will 'financial aid' work?

by Alex Steger , William Robins on Feb 01, 2012 at 12:05

New Model Adviser® news editor Alex Steger and chief reporter Will Robins examine how plans for a financial advice equivalent to legal aid might work.

Standard Life wins £100m Sterling fund court battle

by Alex Steger on Feb 01, 2012 at 10:52

Standard Life has won its court battle after suing 11 professional indemnity insurers, arguing their policies should have covered the losses it incurred on asset-backed securities held by its Sterling fund.

Ex-Credit Suisse traders face criminal charges

by Alex Steger on Feb 01, 2012 at 07:47

Two former Credit Suisse traders are to face criminal charges for the alleged mispricing of mortgage-related securities resulting in a $2.8 billion writedown by the bank at the height of the financial crisis.

Council leaders call for local gov't pension scheme consolidation

by Alex Steger on Feb 01, 2012 at 07:47

Council leaders have called for the 101 local government pension schemes to be consolidated into five funds in a bid to improve their efficiency.

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