News

The Bank of England's Monetary Policy Committee has left interest rates unchanged again at 0.5%.

Pensions minister Steve Webb has continued his attack on the annuity market, saying the products are not good value and vowing to "shake up the market".

Calls to the Financial Conduct Authority's (FCA) whistleblower hotline to report malpractice are continuing to rise, according to figures obtained by investigations firm Kroll.

Regulators are considering compiling a list of the largest asset managers worldwide which could threaten the global financial system in the event of their collapse.

Advisers have stressed they are keen to become more involved in long-term care (LTC) advice, with a desire to be included in council referral lists, the Association of Professional Financial Advisers (APFA) says.

David Jane, founder of Darwin Investment Managers, has named the five investment themes he is backing in his multi-asset fund to outperform this year.

IFA consolidator Bellpenny has bought two more businesses with combined funds under management of £187m.

Vanguard Asset Management is lowering charges on a number of its LifeStrategy funds as the price wars in passive investment continues.

The Financial Ombudsman Service (FOS) plans to freeze the levy it collects from firms and cut its budget by 20% over the coming year.

Matthew Ames, son of troubled overseas property company Harlequin's chairman David Ames, has been accused of running a £1.6m "Ponzi scheme" under the guise of saving the rainforest, a court has heard.