News

The Financial Services Compensation Scheme (FSCS) is facing claims worth around £2.55m for 12 investment and life & pensions firms newly declared in default - which would need to be paid for by investment adviser levypayers.

Hector Sants, who headed the Financial Services Authority (FSA) for five years, has introduced a Church of England 'advice' scheme aimed at helping those in "financial distress".

International Fund & Product Awards

Wealth manager Brewin Dolphin reported profits surged in the half year to March, although it saw a large outflow from its advisory business.

Hargreaves Lansdown is to transfer more than £400m of multi-manager assets from Mark Barnett's Invesco Perpetual income funds to Neil Woodford's new UK equity income offering.

Insurer Zurich welcomed the regulator's pledge to re-open the long-stop debate but suggested it should be looking at more options than just a 15-year liability period.

n this week's quick fire Retirement Planner poll we ask: Should commercial property be classed as a 'standard' SIPP asset?

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

Hargreaves Lansdown has secured what it says is the cheapest share class in the market for Neil Woodford's new fund, selling the investment star's fund for 60bps.

Figures showing insurance companies declined fewer than 3,500 of more than 102,000 protection claims last year "shatter the illusion" that providers don't pay, according to stakeholders.