News

Skandia's director of investments James Millard is stepping down from the role at the end of the year after it was decided the managed portfolio service will be run by Old Mutual Global Investors.

MPs have called for an urgent independent review into the Money Advice Service (MAS) after a damning report criticised its role and reach, and questioned the salaries it pays its top executives.

Managers and fund buyers have begun rotating out of UK mid- and small-cap stocks in anticipation of a mega-cap resurgence.

Investors view the whole of the financial services industry through the prism of banks' behaviour, meaning trade bodies must do more to talk up the good the profession does, according to ex-Morningstar OBSR managing director Richard Romer-Lee.

People are ‘waking up' to the reality of living longer and the effect it might have on their retirement income, research suggests.

Fund groups signed up to Skandia's WealthSelect proposition are holding further talks with the platform after it altered its pricing plans, sparking concerns over margins.

On Thursday George Osborne will use his annual Autumn Statement to provide an update on the government's economic plans.

Hargreaves Lansdown could be set to charge lower-end clients around 70bps when it publishes its new clean fee structure, expected this week.

Chancellor George Osborne is to highlight a forthcoming sale of Lloyds Banking Group shares to retail investors in the Autumn Statement, according to reports.

Rathbone Brothers chief executive Andy Pomfret is to retire on 28 February 2014 after ten years in charge of the wealth manager.