News

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.

Sanlam Private Wealth has acquired the client bank of two more financial planning companies as part of its drive to increase its presence in the UK.

The price of gold has fallen through $1,600 for the first time in six months as investors continue to pile into risk assets such as equities.

London Capital Group, an online trading platform, has paid out £1.2m to investors who invested via the failed Integrity product over losses linked to commission rebating of the fund in the first half of 2009.

Sir Mervyn King voted to increase quantitative easing (QE) by a further £25bn at February's Monetary Policy Committee (MPC) meeting, latest minutes reveal.

The UK's blue chip index has climbed to a five-year high above 6,400, surpassing the peak of 6,376 seen before the financial crisis.

Specialist bank and asset manager Investec has launched Investec Professional Mortgages, a new intermediary-only residential and buy-to-let brand tailored to professional borrowers.