News

Schroders is to wind up its UK Core fund, calling time on its first offering in the 'low-cost active' space after failing to gather assets in the three years since launch.

Former Santander adviser Christopher Wathen has been handed an 11-year bankruptcy restriction after he was jailed for stealing clients' money and using it to fund his lifestyle and to gamble.

Adviser confidence in the UK economy has increased markedly from a year ago, a survey suggests.

A financial regulator has issued a Europe-wide investor alert warning of the risks involved with buying complex investment products.

The Financial Conduct Authority (FCA) has appointed former Goldman Sachs managing director James Kelly as an adviser in its wholesale banking and investment management division within the supervision unit.

Positive Solutions finance director Lisa Lockey is leaving the group almost six months since its acquisition by Intrinsic Financial Services.

The UK economy will grow by 2.5% this year and again by 2.1% in 2015, according to the National Institute of Social and Economic Research (NIESR).

New initiatives around funding long-term care will likely benefit only high-net worth consumers, while less wealthy people will still end up selling their homes to fund care, Zurich has suggested.

Funds will receive an automatic boost in reported performance as a result of unbundled fee structures, according to Bestinvest.

Financial advisory group True Potential has added four risk-rated Threadneedle income funds to its in-house Wealth Platform.