News

Investment intermediaries must stump up an extra £2m towards the Financial Services Compensation Scheme (FSCS) levy for 2013/14, taking their annual levy contribution to £78m.

Advisers are experiencing frequent problems with risk-adverse clients holding large amounts of cash, despite the menace of inflation, according to J.P. Morgan Asset Management.

Aviva is to reduce its staff numbers by 2,000 over the next six months - a 6% reduction of the global workforce.

The Financial Conduct Authority (FCA) has banned Kevin Wells, the managing director of Montpelier Pension Administration Services, from performing any significant influence function at any regulated firm, and also censured him.

This year's Professional Adviser International Fund & Product Awards are looking for the views of international financial advisers on their offshore providers.

Advisers setting up group personal pensions (GPPs) must add VAT to the charges they levy on employers, HM Revenue and Customs (HMRC) has confirmed.

The Financial Conduct Authority (FCA) has set out the steps it will put into action in the event of a regulatory failure.

Active investment specialists RWC says the current economic environment for its new Cayman-domiciled European Focus Fund provides the perfect backdrop to work with stakeholders to achieve genuine alpha creation.

SIPPclub has launched a one month campaign to gather feedback on whether residential property should be held in a SIPP.

BlackRock's Nick McLeod-Clark has stepped down from running the firm's £698m UK Income fund to take an extended period of leave to recover from poor health.