News

In this week's quick-fire poll we ask:Is the FCA's third SIPP review looking to force out small players as John Moret has warned?

Pensions minister Steve Webb faced questions in Parliament yesterday over the Department for Work and Pension's (DWP) stance on scheme charges.

Prudential has removed its guarantee to keep withdrawals free of market value reduction (MVR) charges on its with-profit bonds and pensions, blaming rising costs.

Barclays head of compliance Hector Sants is taking a leave of absence due to a diagnosis of stress and exhaustion.

The Financial Conduct Authority (FCA) has confirmed it will publish information about proposed enforcement actions, naming firms and individuals, before deciding whether it will take action.

UK consumer prices index (CPI) inflation remained stable in September at 2.7%.

Rob Gambi has been appointed chief investment officer of Henderson, starting in 2014.

More than half of IFAs plan to migrate the majority of clients' assets onto wrap platforms within the next two years, but uncertainty remains over compliance issues like cost, according to a survey.

UK equities overtook global specialist funds to become the second most popular asset class on the Skandia platform in the third quarter, with multi-asset funds remaining in the top spot.

Shares in Royal Mail jumped 2.5% to 487p as it officially floated today, following a flurry of trading activity in the stock prior to its listing.