News

Ex-Treasury minister Mark Hoban is to quit parliament from May.

Zurich has expanded its platform offering to include a discretionary fund management service for the first time.

Billionaire investor George Soros is finally retiring from fund management at the age of 84 to focus on political philanthropy.

Simplified advice and commission

Miton Group lost a third of its assets under management over the course of last year, as a result of selling off part of its business and continued outflows.

Market participants have reacted with a healthy dose of scepticism to the European Central Bank's long-awaited quantitative easing programme, saying the move may not be enough to revive the struggling eurozone economy.

Advice to invest in a troubled unregulated overseas property scheme has helped push 24 firms over into failure, the Financial Services Compensation Scheme (FSCS) has said.

Small firms rejected for a loan by Royal Bank of Scotland (RBS) will be offered alternatives by a pair of peer-to-peer (P2P) lenders, as part of a tie-up to improve access to corporate lending.

The Financial Conduct Authority (FCA) has said it will look to take even earlier pre-emptive action against what it believes is bad practice in a bid to counter accusations from the industry that it unfairly employs retrospective regulation.

European Central Bank (ECB) President Mario Draghi has announced an asset purchase programme worth about €1trn.