News

Neil Woodford is considering opening talks with his former firm Invesco Perpetual about a private multi-billion pound deal to bring across his old stakes in the country's largest stocks, and avoid creating havoc in their share prices.

Workers are to be given the option of saving into new 'collective' pension schemes which ministers believe could boost their incomes by up to 30%, under plans to be unveiled in the Queen's Speech later this week.

Product providers should have no role in delivering free retirement guidance, following the 'advice for all' proposals in the Budget, Legal & General (L&G) chief executive Nigel Wilson has said.

Architas, Invesco and Novia are among the financial services groups already signed up for the fourth annual Funds Industry Football Charity Shield in June.

Billy Burrows is to leave specialist annuity broker Annuity Line as part of a business restructure.

The government has today launched an independent review of the Money Advice Service (MAS), responding to calls from the Treasury select committee (TSC) last December.

Wealth management group and consolidator Succession has acquired two of its member IFA firms for £3m, as it seeks to reach £7bn of assets by 2017.

A significant number of IFAs are refusing to bow to the pressure to outsource management of their clients' investment portfolios and are continuing to do the job themselves, according to a poll.

The Institute of Economic Affairs (IEA) has warned that Labour's recently announced plans to extend auto-enrolment to lower earners would "damage businesses" while "failing to help low earners".

A third of over 55s who are still working do not see the value in taking financial advice at retirement, according to research from MGM Advantage.