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Retirees drawn to riskier investments warns FSCS
The Financial Services Compensation Scheme has warned that retirees are being tempted to put money into investment products claiming to offer high returns due to the prolonged low interest savings environment.
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Transact appoints new development head
Tom Dunbar has been appointed chief development officer at adviser platform Transact’s parent company Integrated Financial Arrangements (Integrafin).
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14% rise in AJ Bell advised customers
Advised net inflows held steady at £900m for investment platform AJ Bell for the quarter ending 31 March, as advised customers rose 14%.
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Standard Life Aberdeen becomes Abrdn
Standard Life Aberdeen is to rebrand as Abrdn (pronounced: Aberdeen) in a move to bring together the Standard Life and Aberdeen names under one united brand.
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Two thirds of 2021 retirees risk running out of cash
Two thirds (66%) of adults retiring in 2021 risk running out of money in retirement, according to a new study.
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