News

The Financial Ombudsman Service (FOS) is determined to shed its reputation as an anti-adviser body, its chief executive has said.

The FTSE has opened 1% higher as it begins to recover from its worst one-day fall in 16 months on 15 October.

Discretionary fund manager Tilney for Intermediaries is giving advisers the option of conducting the risk profile and suitability checks in-house before handing over investment responsibility.

The former appointed representatives (ARs) of failed network Alpha 2 Omega (A2O) are facing multi-million pound legal claims as the Financial Services Compensation Scheme (FSCS) tries to claw back the money it paid to mis-sold investors.

Henderson director of European equities Richard Pease is leaving the firm to join new venture Crux Asset Management, taking his £1.1bn European Special Situations fund with him.

The Bank of International Settlements (BIS) has warned of a potentially 'violent' market crash as financial markets are dangerously stretched.

An eight day turnaround for pension transfers should become the industry standard, the TISA Exchange (TeX) organisation has said.

The Personal Finance Society (PFS) has written to the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) to suggest they change their names to better reflect the services they offer.

The Money Advice Service (MAS) should drop the word ‘advice' from its title as it is "confusing" for the public, according to a director at an advisory firm.

Fresh fears for the safety of £400m of Harlequin investments have been raised following reports circulated by the company that its sales arm has entered liquidation.