News

There is a huge and widening gulf between firms making outstanding profits and those losing money, according to research released today.

Royal London Asset Management (RLAM)'s Martin Cholwill has upped his stake in Brewin Dolphin as he backs three wealth managers to survive the post-Retail Distribution Review (RDR) world.

Aviva Investors has opted to pull its absolute return fund out of the Investment Management Association's (IMA) Absolute Return sector, after the category was renamed earlier this year.

Guernsey, Jersey, the Cayman Islands and the British Virgin Islands have all received approval from the European Securities and Markets Authority (ESMA) for co-operation agreements.

Co-operative Bank director Martyn Wates has quit the business with immediate effect.

People reaching retirement can expect to see their incomes drop by at least a third, according to a report.

Self-employed workers are missing out on up to £91,512 over their working lives because they do not receive employer contributions through a company pension scheme.

Adviser Network Intrinsic expects the number of its ‘restricted' advisers to increase to 75% over the next two years, compared with less than 60% currently.

A diploma for advisers on Enterprise Investment Schemes (EIS) will go live next week.

The Equity Release Council is to brief policymakers on improving access to financial advice for older people at the House of Commons today.