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News

Equities

The best and worst funds of 2013

A year hyped as the start of a great rotation from bonds into equities actually saw more of a trickle out of fixed income, but it was not plain sailing for bond funds.

clock 18 December 2013 • 2 min read

Pensions

James Hay group CEO quits after 13 years

Mark Bourke, group chief executive of IFG Group, is to leave the firm in April to take up an external role.

clock 17 December 2013 •

Regulation

Number of FCA regulated firms set to soar in 2014

The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.

clock 17 December 2013 •

Regulation

Lloyds representatives step down from SJP board following remaining holding sale

St James's Place directors Sue Harris and Alison Hewitt have resigned from the board following Lloyds Banking Group's sale of its remaining holding in the wealth manager.

clock 17 December 2013 •

Wrap/platforms

Rayner Spencer Mills Research launches fund ratings on Cofunds

Rayner Spencer Mills Research (RSMR) has made its fund ratings service available through Cofunds.

clock 17 December 2013 •

Regulation

MAS defies MPs by refusing to slash its multi-million pound marketing budget

The industry-funded Money Advice Service (MAS) has ignored calls by MPs to cut its marketing budget, saying it needs the multi-million pound pot to "encourage people to take action" on financial matters.

clock 17 December 2013 •

Investment

FCA bans four over 'disgraceful' occupational pension advice

Four men have been banned from working in financial services over their ‘disgraceful' behaviour in relation to occupational pensions advice which saw them net £4m in unnecessary commission.

clock 17 December 2013 •

Economics / Markets

UK inflation falls to fresh four-year low

The UK's headline inflation rate has fallen to its lowest level in four years after edging down to 2.1% in November.

clock 17 December 2013 •

Regulation

FCA wins Tribunal case to ban 'lying' ex-trader

The Financial Conduct Authority (FCA) has won its case at the Upper Tribunal to ban former derivatives trader David John Hobbs from performing any role in regulated financial services for lying to the regulator.

clock 17 December 2013 •

Income

Flower power but no spending power: IFS warns post-war pensions boom 'is coming to an end'

People born in the 1960s and 1970s are likely to become the first generation since World War II who will be worse off than their parents in retirement, a new study has warned.

clock 17 December 2013 •
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