News

Changes at the Office for National Statistics (ONS) which will count future pension rights as if they were present income will turn the UK into a nation of savers instantly, the Telegraph reports.

The Personal Finance Society (PFS) was investigating establishing a National Retirement Advice Service before the Chancellor's Budget promise and believes an advice voucher system could be set up funded by redistributing regulatory fines.

Investors should avoid income-paying trusts after the sector moved to trade on a premium for the first time since the financial crisis, analysts have warned, amid growing expectations interest rates could rise this year.

Nearly three quarters of firms are still failing to show clients the true cost of advice, the regulator has found in what it calls a "wake-up call" for the industry which has already put two firms at risk of enforcement action.

The IMA has said it will ensure the UK Equity Income sector does not become "unrepresentative" as other funds look set to follow Invesco Perpetual High Income out of the peer group.

Liontrust posted its best quarter for inflows in a decade during the three months to the end of March, according to its full-year results, released today.

Ashcourt Rowan has completed its acquisition of UK Wealth Management Limited (UKWM) from Duke Street General Partner in a £14m deal.

Robert Howell, manager of the Schroders Alternative Solutions Commodity fund, is leaving the firm, with emerging market chief Geoff Blanning to take over the portfolio.

City Financial is to acquire Guinness family office Iveagh's funds arm in a deal that will see Chris Wyllie move to the boutique fund house, Investment Week can reveal.

Adviser support group Tenet is holding three investment master classes to help advisers understand alternative products such as venture capital trusts (VCTs) and enterprise investment schemes (EIS).