News

Axa Wealth has introduced flexible drawdown to its Retirement Wealth Account (‘RWA'), the company's self-invested personal pension.

Wrap platform Novia has said it will no longer accept cash rebates on new or legacy business from April 2014.

Wealth manager Bestinvest has outlined plans to almost double its restricted financial planning team, as the group seeks to take advantage of the withdrawal of a number of major banks from the advice space.

The Retail Distribution Review (RDR) has exacerbated a polarisation of the advisory market, with an almost even split of firms forecasting growth and those predicting static or declining revenues over the next three years, research has suggested.

Absolute return providers have been forced to respond to capacity questions by changing fund remits or even soft-closing vehicles as flows into the sector leap this year.

Advisers and consumers should ask ‘critical questions' about whether the experience of using platforms justifies the additional costs and complexities involved, according to Bruce Moss, founder and strategy director at eValue.

Confidence among investors that the Bank of England (BoE) will hold rates at record lows for as long as it has implied appears to be falling after a key economic indicator suggested the UK's economic recovery is gathering pace.

Zurich has appointed a new leadership team for its board following last month's resignation of Josef Ackermann over the death of the company's chief financial officer Pierre Wauthier.

The number of funds on Hargreaves Lansdown's Wealth 150 list has fallen below 100 for the first time after the removal of two more offerings.

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