News

J.P. Morgan Chase head Jamie Dimon survived a protest vote at the firm's annual shareholder meeting yesterday, which may have stripped him of his role as chairman.

FundsNetwork has accelerated its take on of clean share classes to achieve its target of having 95% of current platform assets covered by clean share classes by the end of June.

A former IFA has lost his challenge to overturn the Financial Ombudsman's ruling that he had given a client unsuitable pension advice, which ordered him to pay almost £50,000 in compensation.

The incoming governor of the Bank of England (BoE) has warned Europe must change tack and introduce significant reforms to avoid a Japanese-style lost decade.

Two senior members of government yesterday met the investment management (IM) industry in a bid to demonstrate their commitment to the sector.

Axa Wealth International has made a series of enhancements to its specialist offshore proposition to offer advisers a broader range of adviser charging options and trust features.

Firms are approaching risk management purely as a way to deal with negative outcomes rather than as a means of creating profitable opportunities, a survey of Chartered Insurance Institute (CII) members suggests.

Nucleus is set to expand the range of protection products available on the wrap to include inheritance tax and death-in-drawdown policies, among others.

The Financial Services Compensation Scheme (FSCS) has compensated 530 members of the Millom and District Credit Union following its collapse last week.

Will-writing will remain unregulated so it's never been more important to ensure yours fits the bill.