News

The Financial Conduct Authority (FCA) is proposing to limit the distribution of mutual society shares to 'sophisticated' or high net worth investors, unless specific requirements have been met.

UK All Companies saw record net outflows of £852m in September, according to statistics released by the Investment Management Association (IMA) today.

The Financial Conduct Authority (FCA) has offered help to financial advisers who want to build simplified advice models, saying it is prepared to give 'individual guidance' or an 'informal steer' as part of its Project Innovate.

Investors are almost as likely to switch providers over ethical concerns as they are for poor customer service or because they can get a better deal elsewhere, research suggests.

Lloyds Banking Group has set aside an extra £900m in payment protection insurance (PPI) provisions and confirmed it will cut 9,000 jobs as part of a switch from high street to digital banking.

Up to 200,000 people will cash in their pension next year, netting the Treasury an additional £1.6bn in tax, according to research from Hargreaves Lansdown.

The average annuity today delivers just over £2,000 less income over retirement compared to one bought in March, when the Chancellor swept away the need for savers to buy the product in his Budget, according to retirement specialist MGM Advantage.

Giles Hargreave has been ranked number one in a report by Tilney Bestinvest to select the top 100 equity fund managers in the UK.

Network the Mortgage Advice Bureau has announced plans to list on the Alternative Investment Market (AIM).

A former Positive Solutions adviser has been ordered to repay £55,000 to the clients she stole from.