News

Australian technology business IRESS has reported an upswing in underlying profits of 27.7% after its UK operations benefited from a "strong demand" from advisers and wealth managers, the group has said.

The Association of British Insurers (ABI) has called on the industry to fully support upcoming pension changes but warned "critical pieces of the jigsaw are still missing and will not be in place in time".

Just Retirement is to launch a set of products aimed at Middle Britain retirees offering ‘mix and match' options for retirement income.

The Association of Professional Financial Advisers (APFA) has called for an independent audit to be carried out on the way the Financial Services Compensation Scheme (FSCS) funds its projects and recoveries.

Half of adviser businesses have already seen their bottom lines boosted by the pensions freedom announced last March, according to research.

The Financial Conduct Authority (FCA) has fined Aviva Investors £17.6m for failings in how it managed conflicts of interest.

Action Fraud, the UK's national fraud reporting centre, has said it will change the wording of future communications to the public after concerns about a newsletter incorrectly stating people can get financial "advice" from the Citizens Advice Bureaux...

Invesco Perpetual's £600m Income & Growth fund is to move out of the Investment Association's UK Equity Income sector after failing to meet the trade body's yield requirements.

Just Retirement has reported annuity sales almost in line with its pre-Budget numbers, thanks in part to strong defined benefit (DB) sales in the second half of last year.

The proportion of complaints against advisory groups found in favour of the consumer is significantly below the average for the sector, the Financial Ombudsman Service's (FOS's) latest data shows.