News

Barlcays is to cut around 450 jobs in the UK, including a third of its private bankers.

Old Mutual Global Investors (OMGI) has reported rising net sales in the third quarter, which it atttibuted to strong flows into its new UK Alpha fund for former Schroders' head of UK equities Richard Buxton.

The code of conduct on annuities established by the Association of British Insurers is to be tightened after allegations some insurers were flouting the rules, according to reports.

The planned pension charge cap should be reduced to 0.5% and extended to all funds, not just those used for auto-enrolment, according to Which?

Pensions minister Steve Webb says the upcoming consultation on defined ambition will not set out prescriptive single-model options for enhanced defined benefit (DB) and defined contribution (DC) provision.

Financial services firm True Potential Investments has launched a self-invested personal pension (SIPP) with no annual charges or transfer fees to ease the process of consolidation.

IFA 20Twenty Independent has entered voluntary liquidation after a spate of claims against it relating to a film tax avoidance scheme.

Former Legal and General head of structured solutions James Harrington is joining Lowes Group as a consultant.

The ex-directors of failed unregulated collective investment scheme (UCIS) Arck received in excess of £4m from the business before it collapsed, according to a liquidator's report.

Research and consultancy firm AdviserAsset has launched an online comparison tool which provides advisers with a breakdown of a platform's share class options.