News

Henderson has appointed the former dean of Cass Business School, Richard Gillingwater, as its new chairman.

RBS has confirmed it faces not only a monetary fine but also other unspecified sanctions in relation to the LIBOR fixing scandal.

Self-directed wealth platform Hargreaves Lansdown has posted record half-yearly revenue and profits as the business noted a "general trend" towards DIY investing as a result of changes brought about by the Retail Distribution Review (RDR).

Analysts at Barclays have expressed "surprise" at high pricing at the lower end of the platform market.

Hargreaves Lansdown has risen 5.8% to top the FTSE 100 leaderboard as the blue-chip index recovers from yesterday's decline.

The money banks have set aside for payment protection insurance (PPI) mis-selling compensation will run out by the end of the year, according to analysis from Which?

Towergate has started targeting large UK-based companies in a bid to widen its customer base.

Employed advisers' total earnings fell to £62,838 last year, from just over £66,000 in 2011, according to research, though this pay level was still higher than for self-employed advisers.

The government should do more to ‘ease the pain' suffered by drawdown pensioners, many of whom will not be helped by the 120% limit reinstatement until 2014, Standard Life has said.

The suspended EEA Life Settlements fund has submitted its plans to the Guernsey regulator for restructuring.