News

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.

The Financial Services Authority (FSA) has defended its role in the LIBOR fixing scandal after being criticised by MPs.

The FSA now intends to publish its long-awaited final platform paper in Q2 2013, having originally planned to release final rules by the end of last year.

The Federal Bureau of Investigation (FBI) is investigating whether insider trading took place in Heinz shares ahead of the food giant's historic deal with Warren Buffett's Berkshire Hathaway.

The Financial Services Compensation Scheme (FSCS) has begun paying out the claims of investors who put money into contracts for difference (CfD) with trader Direct Sharedeal.

Some 57% of advisers have said they plan to outsource to discretionary fund managers (DFMs), according to research released today.

MetLife is gearing up to sell its bulk annuity arm in a deal worth hundreds of millions of pounds, according to Sky News.

HM Revenue & Customs (HMRC) has announced that Britons concealing money in the Isle of Man have three years to own up and get their affairs in order.

The Financial Services Authority's (FSA) decision to make advisers that don't consider active investments restricted was a "hallelujah" moment for one Belfast-based adviser.