‘Creaking’ power of attorney system needs ‘urgent improvement’
As very few Brits understand how it actually works
Hargreaves Lansdown
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Ban unregulated Sipp investments, say advisers
‘It’s important that a few bad apples don’t spoil the bunch’
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FCA to tighten rules around promotion of high-risk investments
‘People need clear, fair information and proper risk warnings if they are to invest with confidence’
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48% of Brits worried about running out of money in retirement
They plan to downsize and use inheritance to fund later life
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PEOPLE MOVES: UBS, Novia Global, Hargreaves Lansdown
Wealth manager hires group CFO, as investment platform names sales director
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TikTok, Reddit and Instagram entice younger investors
‘Trading has become a game and a form of entertainment’ rather than long-term strategy
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Big shake up of UK long-term investment regime
But retail investors will have to wait until after FCA consults on how to expand rules for wider market
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Will Lloyds succeed in taking on Hargreaves?
Chief executive wants to use Embark to create the next go-to investment platform
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UK banking group eyes £100bn pension and investment arm
It also plans to launch a robo-adviser and bolster its Sipp operation
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Insurance trade body calls on UK government to reform Mifid
So that DIY investors can get greater guidance from product providers
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Pound in your pocket just got lighter
After inflation hits record 3.2% in August
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UK retirees lack emergency savings
Over 20% think they have enough funds for rainy days, but they actually fall short