Customer use of mass market advice services remains limited and there is no one 'killer app' for mass market advice, according to a leading research company.
The decision by the European Central Bank (ECB) to cut interest rates is a "positive step" but more pro-growth polices are needed, according to the chief investment officer of Close Brothers Asset Management.
FIVE CHALLENGES CARNEY FACES
The European Central Bank (ECB) has cut interest rates to a new record low amid ongoing fears about the eurozone's economic health.
George Osborne has told the Financial Policy Committee (FPC) to prioritise short-term economic growth while acknowledging the difficulty in managing its dual objectives.
Fund group CEOs have blamed the impact of the Retail Distribution Review (RDR) for a sharp divergence between UK fund sales and those elsewhere in the world at the start of 2013.
The number of customers using the Money Advice Service (MAS) is up 62% from 1.2 million in 2011/12 to 2.1 million in 2012/13, according to full-year results released today.