News

Royal London is scrapping the Scottish Life, Bright Grey and Scottish Provident brands to move to a single "master brand" for its UK life, pensions and investment businesses.

Skandia has abandoned plans to buy small stakes in IFA firms following conversations with the Financial Conduct Authority (FCA) in which the regulator said it was "uncomfortable" with the idea.

A stunning set of entries marked Investment Week's inaugural Fund Services Awards 2013. The awards were held in honour of those service providers that keep the wheels of the fund management industry turning efficiently.

A student accommodation fund listed offshore has become the latest in a string of such vehicles to be suspended after a spate of withdrawals used up all its cash reserves.

The financial services sector needs to smash the mould which sees it consistently underperform other industries when it comes to customer service, according to Axa Wealth chief Mike Kellard.

Barclays is considering controversial plans to dodge a new bonus cap from Brussels.

St. James's Place, the wealth management group, has reported it now has funds under management of £41.8bn, up 5% over the three months ended 30 September 2013, and 20% since the start of the year.

Invesco Perpetual's David Millar, Dave Jubb and Richard Batty - who joined the group from SLI this year - have revealed eight key investment ideas they are pursuing across the multi-asset portfolio at their new firm.

The government will "move quickly" to place a cap on pension charges and a consultation is due imminently, pensions minister Steve Webb has said.

The Association of British Insurers (ABI) has announced that three members of its executive team, including Stephen Gay and Maggie Craig, are to leave the trade body.