News

Ignis Asset Management parent Phoenix Group has rejected a number of takeover approaches to buy the fund management business, according to reports.

Industry veteran Phil Billingham has criticised restricted firms for peddling independence "myths".

Scottish Life's illustration rates have been "significantly better" than they were in January 2012, indicating "advisers are coping well" with the transition to the new regulatory regime, according to one director.

The Department for Work and Pensions is considering an outright ban on consultancy charges on pensions which are borne by members.

Lloyds Banking group has announced 940 redundancies in an ongoing bid to reduce costs by £1.5bn by 2014.

The Department for Work and Pensions has promised a better working relationship between the Pensions Regulator (TPR) and the Financial Services Authority (FSA) and said joint thematic reviews are planned.

Barclays has confirmed that it is in the process of training its telephony staff to offer mortgage advice in order to phase out non-advised sales.

Cofunds sales and marketing director Alastair Conway is leaving the platform after five years.

Caerus Capital group, the wealth management business, has appointed Lynn Smith as chief operating officer.

The Office of Tax Simplification has made a range of recommendations in a bid to make tax simpler for Britain's pensioners.