News

George Osborne is planning a pre-election boost for hundreds of thousands of workers by announcing a further increase to the income tax personal allowance.

More than half a million people will be able to take advantage of the government's changing regulation around pensions from 6 April, according to latest official estimates.

Investors are not receiving adequate information on the extent to which funds are being levered up through the use of derivatives, a review by the Financial Conduct Authority (FCA) has found.

Alliance Trust has cut the ongoing charges figure (OCF) across portfolios by 20% as part of its focus on cost-cutting.

Retail fund management is "out of control" and should borrow ideas from the institutional sector to radically reorganise, Nucleus chief executive David Ferguson has said.

Distribution Technology (DT), the risk-profiling tool provider, has launched a fund risk-targeting service.

With the Bank of England monetary policy announcement marking six years of rates being held at a record low level of 0.5%, Investment Week looks at the funds which have produced the best performance over the period.

A drawdown charge cap should be placed on sales to provider's existing customers to ensure people are not sold inappropriate products after pensions freedom comes into effect, Which? has said.

Towergate Insurance has sold advice business Towergate Financial to Palatine Private Equity in a £8.64m deal.

Standard Life will scrap charges linked to its flexible drawdown product in readiness for pensions freedom from 6 April.