News

Fidelity FundsNetwork has expressed surprise over fund managers opting to raise prices in newly-launched clean share classes.

The Financial Services Authority (FSA) has confirmed that claims at the Financial Services Compensation Scheme (FSCS) relating to failed stockbroker Direct Sharedeal - which could total £13m - will be paid for by investment advisers.

The FTSE 100 tumbled nearly 2% in morning trading after the US Federal Reserve spooked markets yesterday by warning it may slow its asset purchase programme.

A man and woman from Enfield who ran a financial advice firm have each been jailed for two years for fraudulently trying to claim almost £145,000 in Gift Aid.

The number of pension transfers to qualifying recognised overseas pension schemes (QROPS) during 2012 was up 35% at deVere Group.

Former J.P. Morgan Chase & Co investment banker Ed Woodward will become Manchester United's next chief executive in July after David Gill announced he will step down from the role at the end of the season.

The individual pensions market in 2013 and how we are supporting it.

OUTSOURCING

Axa Wealth has reported significant growth on its Elevate platform, with assets up 51% from £3.5bn to £5.3bn.

The pound has moved towards a year low yesterday against the dollar, its recent weakness having been exacerbated by the revelation Bank of England (BoE) governor Sir Mervyn King voted for further stimulus this month.