News

The amount of private wealth held by households rose by 14% last year, fuelled by rising stock markets, analysis has found.

Confidence in the UK economy has hit a post-crisis high despite soaring valuations pointing towards a correction, according to the FT.

Higher rate taxpayers who do not pay into a pension scheme are missing out on a collective £225m in tax relief every year, according to data from Prudential.

Providers should be forced to deliver the guidance guarantee if they are to do the right thing by their customers, says Fidelity's head of retirement insight Alan Higham.

Aberdeen Asset Management has migrated all Scottish Widows Investment Partnership-run active equity funds and mandates, with the team that ran them at SWIP exiting the combined business.

Unicorn Asset Management's John McClure has passed away, the board of the Acorn Income fund has announced.

The Financial Conduct Authority (FCA) has altered the scope of its retirement income study following the huge changes to annuity rules announced in the Budget.

Lloyds will price its initial public offering of TSB at between 220p and 290p per ordinary share, with the float set for 20 June.

Robin Minter-Kemp, former director of investment funds at Cazenove Capital, has joined Rayner Spencer Mills Research (RSMR) as a non-executive director.

Miton Group has agreed to acquire Darwin IM, with the latter's David Jane taking over the Miton Special Situations portfolio as Martin Gray leaves the company after 20 years.