News

Fidelity Worldwide Investment has raised the annual management charge (AMC) on two of its multi-asset funds as part of the rebrand and restructure of its multi-manager range.

The Financial Services Authority's (FSA) regulations around independent and restricted advice mean that most independent advisers are actually operating as 'restricted advisers', according to one IFA practice owner.

Skandia has criticised rivals for failing to offer an adequate re-registration process, forcing the platform to allow cash transfers into ISAs as an alternative.

Andrew Bailey has been named as the chief executive of the Prudential Regulation Authority (PRA).

The protection businesses of Royal London, Bright Grey and Scottish Provident, saw a 23% increase in new business during 2012, an increase it attributes in large part to the gender directive.

The Financial Services Authority (FSA) has fined three Lloyds Banking Group (LBG) firms a total of £4.3m for failings that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress.

Caspar Rock, chief investment officer at Architas, has increased his funds' weightings to equities - particularly Japan - in the expectation the momentum behind the recent move into risk assets will continue.

Fidelity Worldwide Investment has expanded its multi-asset range with the launch of a trio of new strategies for its multi-manager team.

The scale of financial adviser exits from the industry - largely as a result of changes brought in following the Retail Distribution Review (RDR) - has been underlined by figures suggesting there are some 4,600 fewer advisers today than there were in...

Her Majesty's Revenue & Customs (HMRC) should "name and shame" those who create, sell or use tax avoidance schemes to discourage activity which is costing the Treasury billions of pounds a year, a committee of MPs has said.