News

Richard Wilmot has been named the new lead manager of the £2.2bn Newton Higher Income fund, previously managed by Tineke Frikkee.

Advisers will be unlikely to pay more than 30bps in platform charges next year, according to Fidelity FundsNetwork.

Brooks Macdonald Funds (BMF) has introduced a clean share class across its fund range.

The Financial Services Authority (FSA) has fined ex-sub-prime lender Cheshire Mortgage Corporation Limited (CMCL) and two of its directors for mortgage sales failings leading to compensation for more than 2,000 customers.

Skandia has cut 20 of its 100-strong sales force as it restructures its financial adviser sales team ahead of the Retail Distribution Review (RDR).

The Department for Work and Pensions (DWP) will review the Pension Protection Fund (PPF)compensation cap over fears long-serving workers are receiving "penal" treatment.

A number of celebrities, including pop star Robbie Williams, are facing multi-million pound tax bills if a tribunal judgement goes against VCT provider Ingenious Media.

Resolution has announced its finalised governance restructure which will see it pay £7.5m to its external management arm, Resolution Operations Limited (ROL).

The UK is not heading towards a triple dip recession, the Treasury chief secretary has said.

The Financial Services Authority is considering major making 'radical changes' to its approved persons regime, according to a report in the Sunday Telegraph.