News

Smith & Williamson and Pictet Asset Management are both to cut annual management charges (AMCs) on a variety of funds as part of an overhaul of clean pricing strategies.

Fund buyers have flagged the possibility of the country's largest emerging market equity funds reopening after outflows and market falls prompted a sharp drop in assets.

The Financial Conduct Authority (FCA) has won its battle against two unauthorised investment schemes after the High Court ruled they were to be classed as collectives and therefore must be regulated.

Venture capitalist Octopus Investments has launched a tax planning microsite for advisers to help address clients' needs in the run up to tax year end.

Standard Life has launched a bespoke due diligence service for wrap users.

Retirees could be given the chance to switch annuity providers during a one year ‘cooling off period' after agreeing a contract, the pensions minister says.

Yorkshire Building Society Group is to refund all administration fees for mortgage arrears since January 2009 - totalling some £8.4m - after the Financial Conduct Authority (FCA) raised concerns about incorrect charges.

The private equity backer of national IFA and employee benefits consultancy LEBC Holdings has taken a further £1m stake in the business.

Investec Structured Products is launching a capital-protected plan to reflect investor uncertainty over the extent of the UK's economic recovery.

The Financial Services Compensation Scheme (FSCS) has put a £360,000 - £540,000 contract to tender, which will cover the scheme's external PR activity over the coming two years.