News

A generous insurance boss spent more than £500,000 throwing an office party for his staff - which even featured a concert by Olly Murs.

Weath manager European Wealth has bought IFA Compass Financial Benefits, raising £674,000 through the share placing.

Financial products carrying a ‘traffic light' labelling system to represent some of their attributes - such as historical average return - would create a false sense of security among investors, a study has concluded.

Steve Webb has hit out at Labour's plan to lower the auto-enrolment threshold, saying it would leave low earners with a pension of less than £2 a week at retirement.

A financial adviser has been permitted to include a complaints time bar in his client terms of business contracts, after the Financial Conduct Authority (FCA) conceded to his case.

Ignis Asset Management chief executive Chris Samuel is to exit the business next week when the takeover by Standard Life Investments completes, PA's sister title Investment Week understands.

Three financial advisers have broken the world record for the most countries visited in 24 hours, raising more than £10,000 for charity.

The Fundsmith Emerging Equities trust will list on the London Stock Exchange tomorrow after raising £193m in its offer period.

Sterling has fallen back below $1.70 after Bank of England Governor Mark Carney sounded a more dovish tone on base rate rises.

The chief executive of the Financial Ombudsman Service (FOS) has said he wants firms presenting their case to the ombudsman to "recount a story", not present graphs and numbers.