News

Schroders' private banking arm has seen net revenues almost double following its acquisition of Cazenove Capital last summer.

Platform Nucleus saw its assets under administration jump 37% in 2013 to £6.2bn, with gross inflows up 26% to £1.7bn, driving a sharp climb in profitability.

Research business Defaqto has added whole-of-life protection policies to its star ratings service.

Further compensation payments to Keydata Lifemark bondholders from the Financial Services Compensation Scheme (FSCS) have been delayed by a month.

The Financial Services Consumer Panel (FSCP) has urged schemes to develop in-house income drawdown propositions rather than forcing members into the retail market.

UBS Wealth Management chief investment officer Alexander Friedman has said that the firm expects company performance in the US and the Eurozone to drive equities in those regions higher in the coming months.

RWC Partners is to launch a global equity income fund for Ian Lance, Nick Purves, and John Teahan as it expands its income fund range.

China is poised to overtake the US as the world's largest economy far sooner than expected, according to new statistics.

Compulsory regulated pensions advice is not required for one segment of the retirement population, and would be too pricey for another, pensions minister Steve Webb said on Wednesday.

Standard Life has said its annuity business has fallen by half following changes to the rules around retirement announced in last month's Budget.