News

UK consumer price inflation rose by 1.9% in the year to June, up from 1.5% in May, a larger increase than economists had expected.

The Financial Conduct Authority (FCA) has defended the Financial Ombudsman Service (FOS) from allegations of inconsistent case verdicts.

Miton Group UK equity income manager Bill Mott is to retire from fund management at the end of the year.

The Financial Conduct Authority (FCA) has proposed restricting the amount borrowers using payday lenders can be charged in interest and fees, in a move which estimates suggest could cost providers £420m in revenues.

Pension contributions are likely to increase following the Chancellor's sweeping retirement income changes announced in the Budget, advisers predict.

Platforms are racing to update their conversion programmes as advisers complain about hefty charges when switching clients into clean share classes.

Support services provider Simplybiz has said it has taken on more than 50 former Sesame advisers this year, as the firm announced its best annual start since 2008.

Royal London has said it will continue to pay adviser commission on its workplace pension schemes - currently branded Scottish Life - until 2016.

Ingenious Asset Management has completed its acquisition of Thurleigh Investment Managers.

National IFA Chase de Vere has teamed up with a newly launched building society to become the sole adviser to its clients.