Chief executive of the Personal Finance Society (PFS) Keith Richards has revealed the problem that is infuriating advisers most.
European financials are among the day's biggest fallers as benchmark French and German indices struggle amid intensifying geopolitical concerns.
Spanish police say they have arrested a former JP Morgan Chase trader wanted by the United States for allegedly falsifying bank records to cover up $6bn in trading losses.
The chief financial officer of insurer Zurich Group was found dead at his home yesterday morning.
Wrap platform Ascentric and institutional arm IFDL grew combined total assets by 20% over the first six months of the year to £6.2bn.
Advisers remain the preferred source of information for small firms when choosing a company pension, one year after the government's campaign for auto-enrolment first launched, new research suggests.
Fund managers investing in Hargreaves Lansdown are torn on whether to add to positions as the company readies the next phase of its Retail Distribution Review (RDR)-friendly business model.
Charlie Bean, the deputy governor of the Bank of England (BoE), has said the Bank has sent a "clear signal" it won't increase interest rates anytime soon as he expressed some surprise at investors' reaction to its position.
Oxford Risk, a spinout of the University of Oxford, has developed an online risk profiling service that gives investors and advisers access to professional risk assessments.
The enhanced annuity specialist Partnership has appointed former Tesco Bank compliance director Joanne Evans as its new director of compliance.