News

Nearly 1,500 members of the failed Severn Four Credit Union will get their money back within seven days after the Financial Services Compensation Scheme (FSCS) declared it in default today.

The National Association of Pension Funds (NAPF) and Wheels Common Investment Fund (WCIF) have lost their bid to recoup £2bn in backdated VAT on investment management services for defined benefit pension schemes.

The Financial Conduct Authority (FCA) will not be any different from the Financial Services Authority (FSA) and should be "strangled at birth" before regulators do any more damage, according to the head of economics think tank the Adam Smith Institute....

Advisers are equally split on whether the Retail Distribution Review (RDR) will have a beneficial impact on the industry, according to Skandia.

Blue chip insurer Aviva's shares have fallen 14% after the group revealed a £3bn loss in 2012 caused by a huge writedown in its US business.

The Department for Work and Pensions (DWP) must monitor the overall rate of participation in auto-enrolment rather than focusing on opt-out rates, providers have warned.

Investors who want to capture the Asian market premium will do so in a better way if they use indices designed with an efficient weighting scheme, according to a study by the EDHEC-Risk Institute.

Schroders has revealed its pre-tax profits fell 11% over the year to 31 December 2012, largely due to a slump in profits in the private banking arm.

Jupiter's John Chatfeild-Roberts has warned investors not to get carried away with the euphoria surrounding equity markets, saying many companies are being kept afloat by low interest rates.

Aviva suffered a loss of £3bn in 2012 due to a £3.3bn writedown from the sale of its US business last year.