Financial services group True Potential is to enter the fund management market with the launch of its own 15-strong fund range, a senior partner has said.
Prudential has appointed Capita Financial Managers as authorised corporate director (ACD) for seven Prudential open ended investment company (OEIC) funds, holding the assets of 2,000 UK clients.
The number of advising staff working in financial advice firms fell 9% last year, according to figures put together for the Association of Professional Financial Advisers (APFA).
The Financial Services Authority (FSA) has expressed concerns that an increase in advised sales of investment bonds by life insurance companies may be a sign of a commission grab ahead of the implementation of the Retail Distribution Review (RDR).