News

The number of suspicious pension transfer requests with suspected links to liberation fraud is spiralling and the government must act decisively on the issue, Aviva has said.

Odey Asset Management is to launch a European Absolute Return fund for manager Feras Al-Chalabi later this year.

Royal Bank of Scotland today reported a loss of £634m before tax in the third quarter, undershooting estimates by some way, while it also announced plans to create an "internal" bad bank to run down its book of bad loans.

Two traders working at Royal Bank of Scotland (RBS) have been suspended in connection with an investigation surrounding the possible manipulation of foreign exchange (forex) rates, according to reports.

More than half of couples over the age of 40 are at risk of leaving one partner penniless in retirement in the event that the other one dies because they have failed to sort their financial affairs.

The Financial Conduct Authority (FCA) has set out plans to cut regulatory fees by reallocating advisers who have permissions to hold client money or safeguard and administer assets to different fee blocks.

Equity funds remained the most popular choice with retail investors for the sixth consecutive month in September, figures reveal.

Alliance Trust Saving has launched an intermediary website following what it said was a four-fold increase in advised business written through the platform.

The Financial Conduct Authority (FCA) is launching a study of the cash savings market, examining how accounts are sold and obstacles to switching among other aspects.

Some asset management and platform firms are displaying "common weaknesses" in their defences against money laundering, bribery and corruption, the Financial Conduct Authority (FCA) has said.