News

The Financial Conduct Authority (FCA) has provided what it hopes is further clarity on the boundaries of advice and information when building decision tree based investment models, following concerns about the clarity of its initial suggestions.

The Financial Conduct Authority (FCA) has set out its final definitions of regulated advice and personal recommendations in retail investment, in a move it hopes will help firms develop 'low cost' distribution models with confidence.

Investors in a beleaguered overseas property scheme have been told there is no prospect of them receiving compensation until a fraud investigation into the investment has been concluded.

BP group chief executive Bob Dudley is expecting oil to remain at current low levels for up to three years, leading to job losses and falling investment in the oil sector.

Nation advice firm Foster Denovo has bought a specialist charity advice operation as part of its 2015 expansion plans.

St James's Place (SJP) funds under management were up 17% in the past 12 months reaching a record £52bn, latest figures show.

Providers have shown interest in plans to allow people to unwind their annuities, according to pensions minister Steve Webb.

Pensions minister Steve Webb has floated plans to allow providers to bulk transfer members from legacy schemes to more cost efficient models.

Former Fidelity veteran Trevor Greetham has joined Royal London Asset Management (RLAM) to lead the firm's growing multi-asset team.

The new Pension Wise service is being tested ahead of launch to ensure it meets any potential demand surges, according to pensions minister Steve Webb.