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Wright Hassall was instructed by 27 independent financial advisers (“IFAs”) who had been told, on termination of their services agreements, that they could not advise their clients for 12 months.
The financial adviser group that they had been working for (Affinity) said that they were bound by restrictive covenants that prevented them from contacting or dealing with clients for 12 months. In effect this cut them off from, and they were unable to service and advise, their clients.Read more
Billed as a once-in-a-generation budget, it was packed with announcements. But there will surely be much more to come in the years ahead as the UK seeks to grow its economy, not least an increase in the VAT rate as the deficit is reduced through higher tax revenues rather than spending cuts.Read article
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