News

Some of the UK's biggest high street banks are failing to give the right advice to customers on transferring and managing their cash Isas, according to the results of a 'mystery shopping' exercise.

Lighthouse group has reported losses of £4.6m in 2012, up from a loss of £2.7m in 2011.

Gottex Fund Management is to take a majority stake in UK multi-asset boutique Frontier Investment Management.

Axa Elevate has questioned the decision by a number of major platforms to eschew clean share classes, despite increasing Financial Services Authority (FSA) action against rebates.

The government is to announce further spending cuts in Wednesday's Budget, with the savings going to large-scale infrastructure projects designed to boost economic growth, according to reports.

Advisers should consider selling their businesses within the next 18 months before prices offered by consolidators fall, according to a consultancy firm.

Retirement Planner's round-up of the top pension stories this week.

In this week's quick fire poll we ask: Age Partnership recently issued a warning about Property Protection Trusts. Are these trusts a significant problem?

Advisers and providers reiterated the "catastrophe" that would befall the advice sector if the incoming Financial Conduct Authority (FCA) read across a ban on commission in the retail investment market to protection.

Some agents selling Harlequin properties before March 2009 misled investors into thinking that their investment money would be held securely in ring-fenced accounts.