News

Barclays bank will stop offering wealth management services in 130 countries by 2016, citing higher costs and increased regulatory burdens.

The Financial Conduct Authority (FCA) has fined Clydesdale Bank (Clydesdale) £8.9m for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages.

AXA Elevate has played its hand in the super clean space by revealing it expects to get access to preferential share classes from a range of fund managers.

Standard Life has agreed discounted ‘super clean' share class deals with seven fund groups - including Cazenove, Schroders and Threadneedle - with a further four set to be announced by the end of October.

Liontrust Asset Management has recorded its 13th consecutive quarter of net inflows, helping push assets under management to £3.4bn.

Malcolm Streatfield, the chief executive of Lighthouse Group, said the company is seeing the "first green shoots of recovery" following a difficult two years as the business prepared for new rules brought about by the Retail Distribution Review (RDR)....

Cofunds has reinstated the platform charge on its self-invested personal pension (SIPP) after adding trading accounts to client funding options.

Labour's Lord Hunt was right to highlight the practical difficulties of asking local authorities to assess all self-funders as part of long-term care reforms, adviser firm LEBC Group has said.

Government should implement an early warning system so people can get advice on their pensions ten years from retirement age according to Axa Life Invest.

The Financial Conduct Authority (FCA) has fined ICAP Europe Limited (IEL) £14m for misconduct relating to the London Interbank Offered Rate (LIBOR).