News

The Financial Conduct Authority (FCA) is taking action against at least 16 firms or individuals who it believes are running or promoting investments illegally as collective investment schemes (CISs).

The National Association of Pension Funds (NAPF) has launched a search for at-retirement providers to help develop a range of services for defined contribution (DC) savers.

The Chartered Insurance Institute (CII) has launched a new qualification for staff overseeing investment operations functions.

Cofunds head of fund group relations Michelle Woodburn is stepping down from the role after six years with the platform.

Aberdeen Asset Management's Hugh Young has cautioned there is a lack of buying opportunities in Asia as earnings growth continues to slow down across the continent.

Barclays has announced a £5.8bn rights issue to shore up its capital position as it reports another £2bn in mis-selling charges.

Savers are set to lose out as the interest rate paid on longer-term savings products has hit a nine-year low, the Telegraph reports.

Fund managers are facing pressure to buy high risk assets in order to meet their funds' targets in an environment of falling equity volatility.

Pensions consultant and wealth manager Mattioli Woods has bought Thoroughbred Wealth Management (TWM) in a £6m deal.

Nucleus will continue to allow advisers to become shareholders and aims to have introduced an investment process by the end of the year.