News

Personal Touch chief governance officer Helen Gasser and human resources and development director Karen Pearson have left the business as part of a board reshuffle.

Regulatory enforcement is not just about increasing the size and frequency of fines, but about the industry forcing better behaviours by shunning wrongdoers, Financial Conduct Authority (FCA) enforcement director Tracey McDermott has said.

The Financial Services Compensation Scheme (FSCS) has recovered £100m from the estate of failed traded life settlement firm Keydata, and the advisers who mis-sold it, and will rebate half the sum to fund management levy payers.

A financial planning tools provider has written to the Financial Conduct Authority (FCA) requesting it look into the appropriateness of stochastic models currently used by advisers amid concerns over their quality.

More than half of advisers believe the Retail Distribution Review (RDR) has benefited the profession with transparency ranked the most positive effect, according to Schroders research.

Aegon is overhauling its funds for workplace pensions to offer equity-heavy multi-asset plans, in a move away from the industry standard of switching those nearing retirement into ‘safe-haven' cash and gilts.

The Investment Management Association (IMA) is failing to represent the interests of active fund managers, according to Richard Romer-Lee.

Aviva has agreed to buy Friends Life for £5.6bn in a deal that will create the UK's largest insurance, savings and asset management firm.

A round up of Autumn Statement predictions as the Chancellor prepares to give his 2014 speech on 3 December.

The private equity firms eyeing wrap provider Transact have withdrawn their approaches, Professional Adviser's sister title Investment Week understands.