News

The Association of Professional Financial Advisers (APFA) has negotiated new discounts for members which it claims could save smaller firms up to £300 a year in running costs.

Friends Life may offer multi-asset funds when it launches its retail platform in April next year, its chief executive has confirmed.

The Financial Conduct Authority (FCA) and US authorities have hit five banks with fines totalling £2bn for failing to properly control their foreign exchange practices.

L&G's asset allocation team predicts the most likely date for an interest rate rise will be May 2015, despite a clash with next year's general election.

About 5,000 small and micro businesses will look to IFAs for auto-enrolment support as they hit their staging dates in 2015, according to NEST research.

Zurich is consulting members about closing its final salary schemes to future accrual.

Financial advisers are willing and able to break through the "perceived barriers" to at-retirement advice by inventing simpler offerings, chief executive of the Personal Finance Society (PFS) Keith Richards has said.

Standard Life's Barry O'Dwyer has been named chairman of the Association of British Insurers (ABI) long-term savings and life insurance committee.

A financial adviser who stole almost £200,000 from his customers' life savings has been jailed for two years.

Limits on the amounts payday lenders can charge customers - including a rule stating lenders cannot receive more in fees and interest on a loan than the amount borrowed - have been confirmed by the financial regulator.