News

Wealth manager Towry is developing a new simplified advice proposition for existing clients, which it plans to roll out in the coming months, the firm has said.

Retirement Planner is hosting its third breakfast briefing on 26 March looking at the options and opportunities pensions freedom presents for advisers.

Providers of structured products need to better assess if the investments are value for money for investors who struggle to understand them and tend to significantly over-estimate returns, the regulator has said.

Financial Conduct Authority (FCA) technical specialist Rory Percival has hinted the regulator and ombudsman are working to agree on guidelines around suitability reporting for advisers.

Schroders has posted record results for 2014, with inflows of £25bn pushing the group's total assets under management to the £300bn mark.

The regulator's definition of "vulnerable consumer" must include those with gaps in their understanding of financial terms and products to prevent another misselling scandal, a software provider has said.

Aviva has said it expects its acquisition of rival Friends Life to generate extra revenue of £600m over the next two years, including and cost savings for the company of £225m.

Aegon has launched a dedicated website and interactive tool to assist advisers working with clients on pensions flexibility.

HSBC Global Asset Management has introduced a range of multi-asset retirement funds for the defined contribution (DC) pension marketplace.

The convicted fraudsters behind failed property investment Arck have been banned from being company directors for a total of 29 years.