News

Several new appointments have been made to strengthen the European business team of Standard Life Investments. Dirk Tiemann will be based in Frankfurt as the new investment director for semi-institutional (wholesale) sales in Germany and Austria.

IFA network Sesame has said it remains in a 'strong' financial position and will not increase its membership fees because of today's £6m fine for failings relating to advice given on Keydata products.

Sesame was handed a £6m fine for its failings on Keydata advice today.

The Association of Professional Financial Advisers (APFA) has appointed Chris Hannant as its new director general.

The Financial Conduct Authority (FCA) has fined Sesame Limited £6,031,200 for failures in relation to Keydata advice.

MPs have questioned the fitness of former London Stock Exchange chief executive Clara Furse to sit on the Bank of England (BoE)'s new stability arm.

There is a huge and widening gulf between firms making outstanding profits and those losing money, according to research released today.

Royal London Asset Management (RLAM)'s Martin Cholwill has upped his stake in Brewin Dolphin as he backs three wealth managers to survive the post-Retail Distribution Review (RDR) world.

Aviva Investors has opted to pull its absolute return fund out of the Investment Management Association's (IMA) Absolute Return sector, after the category was renamed earlier this year.

Guernsey, Jersey, the Cayman Islands and the British Virgin Islands have all received approval from the European Securities and Markets Authority (ESMA) for co-operation agreements.