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News

Investment

Graham Bentley joins Axa Wealth as interim head of fund group relations

Axa Wealth has appointed Skandia's former head of proposition Graham Bentley as the interim head of fund group relations.

clock 01 July 2013 •

Investment

Co-Op bond holders demand bank pays for their financial advice

The Co-operative Group should pay for financial advice for bondholders set to be hit by its restructuring plan as soon as possible, says an action group.

clock 01 July 2013 •

Investment

Thousands still await interest rate swap redress

A year after regulators ruled that banks were guilty of widespread mis-selling of £2 bn of interest rate ‘swaps', thousands of the small and medium-sized businesses affected are still waiting to receive compensation.

clock 01 July 2013 •

Investment

SME owners risk private pensions by tapping them to fund investment

A growing number of small business owners are using private pension funds to provide capital for their firms.

clock 01 July 2013 •

Economics / Markets

Cyprus debt in default over bond swap

Cyprus's debt ratings have been downgraded to "default" after it announced it would delay paying back 1bn euros ($1.3bn; £860m) of bonds.

clock 01 July 2013 •

Regulation

FCA confirms adviser levy to increase by 13%

The Financial Conduct Authority (FCA) has confirmed its levy for the coming year will be £432.1m, with financial advisers contributing 9% of the total.

clock 01 July 2013 •

Your profession

Zurich chief financial officer quits

The chief financial officer of life insurer Zurich has quit after 16 years at the firm.

clock 28 June 2013 •

Regulation

Tribunal upholds FCA ban and £150k fine on insurance broker

The Upper Tribunal has upheld the decision of the Financial Conduct Authority (FCA) to ban Andrew Jeffery and fine him one of the largest ever fines imposed on a broker for insurance fraud.

clock 28 June 2013 •

Regulation

FCA shows 'fresh approach to conduct regulation'

The Financial Conduct Authority (FCA) is showing signs of an impending overhaul of conduct regulation should politics and the industry allow it, according to a prominent consultancy.

clock 28 June 2013 •

Wrap/platforms

Majority of new business expected to be in clean share classes within 12 months

The majority of adviser firms anticipate placing more than 75% of new assets in clean share classes, according research carried out by AXA Wealth.

clock 28 June 2013 •
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