News

Fund group CEOs have blamed the impact of the Retail Distribution Review (RDR) for a sharp divergence between UK fund sales and those elsewhere in the world at the start of 2013.

The National Employment Savings Trust (NEST) has hit a landmark of over 100,000 participating members, a step towards its target of at least two million members by the end of staging.

Firms who advised on investments in the failed CF Arch Cru Investment and Diversified funds have been contacting clients asking them if they want a review of the advice ahead of yesterday's deadline to identify investors eligible for redress.

Hargreaves Lansdown is planning to launch a rebate-free charging model at the start of next year following the latest platform paper from the regulator.

Firms which fail to apply a pragmatic approach to complaints cause problems to escalate unnecessarily, Natalie Ceeney , chief executive of the Financial Ombudsman (FOS) has said.

Key Retirement Solutions is launching the first nationwide service to handle the house buying and selling process for the over-55s.

The Financial Conduct Authority (FCA) has censured money transfer firm Horn Express for failing to safeguard and segregate customer funds.

The number of customers using the Money Advice Service (MAS) is up 62% from 1.2 million in 2011/12 to 2.1 million in 2012/13, according to full-year results released today.

The Funds Industry Charity Shield - the annual five-a-side football tournament sponsored by fund transaction specialists Calastone - returns later this month.

Stephen Mohan, former Cofunds managing director of operational services, has moved to Allfunds Bank to spearhead its growth plans in UK and Ireland.