Execution-only platforms, such as Hargreaves Lansdown's Vantage, could be subject to the same disclosure terms as those platforms conducting adviser business, the FSA says.
Hargreaves Lansdown co-founder Stephen Lansdown, who last month pocketed £58m after selling a 3% stake in the firm, says he would be a saver if it wasn't for his commitments as owner of Bristol City football club.
FSA plans to include group personal pensions (GPPs) in existing rules regarding pensions advice could create barriers to saving and additional costs to employers, industry figures say.
Gartmore CEO Jeffrey Meyer says the group's downfall over the past 12 months has "exceeded all nightmares" and believes getting out of the public markets could be best for the firm.
The Pension Income Choice Association (PICA) has appointed Fidelity UK managing director Gary Shaughnessy to its management board.
Individuals paid £1bn less into personal pensions over 2009/10 than the previous year, according to HMRC figures.
The IMA will consult with advisers on potential changes to the Cautious Managed, Absolute Return and Global Growth sectors as part of a wider review of its fund classification system.
Hugh Hendry has hit out at Hargreaves Lansdown for axing his Eclectica Agriculture fund from its Wealth 150 list, labelling the group's reasons for removing the fund as ‘mystifying'.
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Hargreaves Lansdown saw assets under administration increase by 14% during the third quarter, traditionally a quiet period for the firm, driven largely by positive markets.