News

AXA Wealth had added more than 1,000 additional clean share classes to its Elevate platform, taking the total available to 1,600.

The Financial Services Authority (FSA) has outlined plans for a further clampdown on referral fees paid by discretionary fund managers (DFMs) to advisers.

Standard Life has confirmed that trail commission will be switched off on 12 of its legacy products where clients increase or restart regular payments, even if the activity is non-advised.

Pensions minister Steve Webb has reiterated his interest in providing guaranteed returns in defined contribution schemes to create of risk-sharing ‘defined ambition' vehicles, describing it as a "stunning sales pitch".

Invesco Perpetual's Neil Woodford has said the fund management industry is "failing" on corporate engagement as he defended his own investment style to MPs this morning.

Disgraced former tax boss Andrew Meeson - found guilty of a £5m pensions tax fraud and jailed for 8.5 years - has been linked to two alleged pensions liberation cases.

Former tax boss Andrew Meeson and his business associate Peter Bradley have been found guilty of a £5m pension fraud.

A Financial Services Authority (FSA) audit report into the London Interbank Offered Rate (LIBOR) scandal has found the regulator failed in at least three key areas which meant it did not realise the rate was being fixed.

Networks Openwork and Sesame saw complaints against them at the Financial Ombudsman Service (FOS) rise in the second half of last year, with Sesame receiving over 90% more claims.

Fund groups have renewed their calls for sub-divisions within the Absolute Return peer group, after the Investment Management Association (IMA) revealed its long-awaited review of the sector last week.