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FTSE 100 Live: Stocks fade after bright start to end little changed

FTSE 100 closes down 2 points at 7,543 Wage inflation eases in November US inflation in line with forecasts 4:40pm: FTSE 100 fades to close little changed.

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AJ Bell slashes fees and hikes interest rate after warning from regulator

AJ Bell is set to slash fees on its platform and ramp up its interest rate after the FCA fired a warning shot at investment firms.

Hargreaves lansdownMichael summersgillCharlie conchie

FCA warns investment firms over interest earned on customers cash balances

The regulator is concerned that some practices may not be offering fair value to customers and may not be understood or properly disclosed.

Stefan rousseauMichael summersgillFinancial conduct authoritySheldon millsConsumer duty

AJ Bell reports strong results with 50% jump in pre-tax profits

Investment platform AJ Bell recorded a 33% increase in its revenue for its final results for the year, going from £163.8m last year to £218.2m.

Les plattsSimon turnerMichael summersgillHelena morrisseyAndy bellFiona clutterbuckFinancial conduct authorityFinancial conductAj bellMichael summersgillEople movesFiona clutterbuckHelena morrisseyAndy bellFiona fryLes platts

AJ Bell pre-tax profit up 50% to £87 7m as platform numbers soar

Pre-tax profit at AJ Bell increased by 50% to £87.7m up from £58.4m last year, according to its full-year results to 30 September 2023.

Michael summersgillConsumer dutyAj bell

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