Assets under management in UK-held overseas domiciled investment funds fell by £1bn from May to June, according to latest figures from the Investment Management Association.

Fidelity FundsNetwork has launched a SIPP By-Pass Trust to help advisers tackle the increasingly complex tax burden faced by their clients.

The first Guernsey Special Purpose Acquisition Company has listed on Euronext in Amsterdam.

Cofunds has revamped its suite of commission reporting, recognising that the reconciliation process was unnecessarily complex for advisers, especially in the case of initial commissions.

Advisers have criticised fund houses for jumping on the bandwagon and launching 'fad' funds at the peak of markets when they have little or no experience in running funds in the sector.

The FSA has warned it will come down hard on individuals or firms trying to benefit from false or misleading market rumours.

Alliance Trust Research Centre's Financial Reality Index has revealed that the fiscal welfare of UK households is at all-time low.

Only one in two people believe the state pension will still be in existence when they retire, research by the Department for Work and Pensions (DWP) suggests.

The Financial Services Skills Council (FSSC) has published The Skills Bill: a Sector Skills Agreement for the financial services industry in England in a bid to tackle key issues within the industry.

Alliance & Leicester's profits have fallen to less than a tenth of their level a year ago it was revealed today.