News

Fidelity Worldwide Investment's asset allocation director Trevor Greetham is to leave the company, Professional Adviser's sister title Investment Week can reveal.

The Financial Services Compensation Scheme (FSCS) plans to collect a levy of £287m from firms in 2015-16, as it prepares for a rise in claims related to self-invested personal pensions (SIPPs).

Restricted adviser network Sesame would be broke and unable to trade without the continued financial support of its parent company Friends Life, Aviva has said in a note to shareholders ahead of its planned acquisition of the provider.

The Association of Professional Financial Advisers (APFA) has welcomed news that the Financial Services Compensation Scheme (FSCS) plans to cut its costs levy on the industry by £5m.

The global economy is set to grow slower this year and next, according to the International Monetary Fund (IMF).

Competition in the £700bn cash savings market often does not work well for consumers, particularly those with long-standing accounts, the Financial Conduct Authority (FCA) has found, as it reveals plans to overhaul how the industry works.

Aviva's £5.1bn acquisition of Friends Life could see as many as 1,500 jobs cut, the company has said.

Investors who lost money in failed property scheme Arck may finally find out if they will receive compensation when the Financial Services Compensation Scheme (FSCS) issues an update in March.

The Financial Conduct Authority (FCA) has published data on how people deal with money and financial services to help providers design suitable products for their customers.

Transact is to cut platform fees for client portfolios of between £180,000 and £300,000 in an attempt to attract new business.