News

Financial research group Defaqto has appointed former adviser network director Frank Potaczek to head up its insight and consulting wing.

Welcome to the first edition of Adviser Buzz, a weekly 60-second survey designed to provide our adviser readers with a weekly snapshot of their peers' sentiment on a range of issues.

Retirees with small pots should be allowed to draw down savings as fixed-term pension to enable them to defer taking a state pension, says the Association of Consulting Actuaries (ACA).

Pensions minister Steve Webb has confirmed the cap on auto-enrolment (AE) schemes will be delayed until April 2015.

The Financial Conduct Authority (FCA) has fined Standard Bank £7.64m for failings relating to its anti-money laundering (AML) policies and to procedures with corporate customers who are connected to 'politically exposed persons'.

The Association of Professional Financial Advisers (APFA) has said it hopes a new approach to funding the Financial Services Compensation Scheme (FSCS) will mean lower overall contributions from advisers in the long term.

Zurich UK Life has promoted Alistair Wilson to the newly created role of head of retail platform strategy.

HM Revenue & Customs (HMRC) should reinstate the use of a permitted investment list across the pensions industry to protect the end consumer from further scandals, according to London & Colonial (L&C).

Aviva chief financial officer (CFO) Pat Regan is to leave the company after three years to take up a post in Australia.

Wealth manager St James's Place (SJP) saw funds under management (FUM) increase by £9.5bn to a record £44.3bn last year.