News

The Financial Conduct Authority (FCA) plans to cut the adviser guidance guarantee levy by 50% and has announced tougher standards on the bodies tasked with delivering guidance to the public.

Winners and Highly Commended announced

About 700,000 people reaching state pension age over the next ten to 15 years are at "high risk" of making poor decisions when accessing their retirement income, according to a Pensions Policy Institute (PPI) report.

UK All Companies funds saw their first inflows in six months in October, despite market volatility, according to the Investment Management Association.

An IFA has been ordered to repay a £7,400 upfront fee it received from a client who subsequently felt its recommendations were inappropriate, following a final decision from the ombudsman.

The winners of the 12th Gold Standard Awards, hosted by Professional Adviser and Investment Week publisher Incisive Media, were celebrated at a special ceremony at the House of Commons last night.

Three investments in off-plan property firm Arck totalling £45,000 were too high risk and complex for a client, the Financial Ombudsman Service (FOS) has ruled, despite the adviser's claims he had previously invested in similar schemes.

Axa Wealth is to drop charges associated with drawdown and its Pension Investment Account on its Elevate platform.

Schroders is launching a global multi-asset income fund for UK investors, mirroring its existing £4bn offshore strategy.

Policymakers missed an opportunity to narrow the advice gap by failing to make room for ‘regulated selling' in the RDR reforms, Institute of Financial Planning (IFP) chief executive Steve Gazzard has said.