News

Legal & General (L&G) yesterday announced it has upped the base salary for its top executives by a fifth to £560,000.

Standard Life has claimed it has secured super-clean fund classes from 15 major fund groups, the first confirmation that asset managers are willing to give ground on pricing.

The Financial Conduct Authority (FCA) is being urged to include an 'opt out' clause for clients when platforms begin switching clients to 'clean' funds en masse.

Thomas Miller Investment (Isle of Man) has appointed Tom Richards to the role of director.

The pound could be further devalued following Mark Carney's taking office as governor of the Bank of England, with devastating effects for pensioners living abroad, a national IFA group has warned.

The government has announced new ISA rules that will make it easier for people to invest directly into small businesses.

HM Revenue & Customs (HMRC) is set to de-register up to 500 pension 'liberation' providers as part of a wider crackdown on the schemes.

Property specialist Brandeaux has suspended its entire fund range, including its embattled £1bn Student Accommodation fund, as the company attempts to sell up to 80% of some vehicles' portfolios.

The Financial Conduct Authority (FCA) has said it will step up its game in tackling financial crime and make increasing use of its newly gained enforcement powers.

The European Commission has accused 13 banks, including Barclays, HSBC and the Royal Bank of Scotland, of colluding to hamper competition in the credit derivatives market.