News

Lawyers and accountants are increasingly looking to make professional connections with advisory firms according to a high profile financial adviser.

The Ministry of Justice (MoJ) will be given the power to fine claims firms which use information gathered by unsolicited calls and texts or who provide poor quality services.

Personal Touch Financial Services has said it plans to subsidise member firms' regulatory fees for 2014.

Anthony Bolton's Fidelity China Special Situations investment trust has jumped up the performance charts after a stellar year which saw it return three times its benchmark index.

Staff have been quitting the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) at nearly twice the rate seen prior to the move to split the regulator into two bodies, according to reports.

The Chartered Insurance Institute (CII) has laid out its plans to overhaul the corporate Chartered status for firms, in a drive to achieve greater trust among consumers and raise standards across the profession.

Two-thirds of advisers think the annuity system is "failing consumers" which is leading many to consider drawdown as an alternative route for clients, according to Skandia's latest adviser poll.

Pension transfers should take no longer than six working days, according to the the Tax Incentivised Savings Association (TISA) which is set to launch a service facilitating quicker switches.

Growth in the US will be 3% next year, predicts UBS chief investment officer Bill O'Neill, the best rate of expansion for the country since the 2008 financial crisis.

The Institute of Financial Planning (IFP) has appointed Sam Rees-Adams as director of professional standards, a new post created following the early retirement of education director Sue Leech.