News

The Financial Services Authority's (FSA) plan to raise the amount of capital self-invested personal pension (SIPP) providers have to hold will spur further consolidation in the market, the chairman of Mattioli Woods has said.

IFAs will need to find an extra £28m to cover the cost of further levies for the Financial Services Compensation Scheme (FSCS).

Product provider Aviva is set to cut a further 120 jobs as it continues to target cost savings of £400m.

Ascentric has added Lex Futura's online legal products to its range of additional services available to intermediaries.

Tatton Investment Management (TIM) has teamed up with Distribution Technology (DT) to launch online tools for advisers and their clients.

Fraudsters pretending to be from the Scottish Public Pension Authority (SPPA) have targeted the organisation's members in a bid to extract financial information.

The Financial Services Authority (FSA) is set to probe the asset management industry in a review of the risks of bribery, corruption, sanctions and money laundering, according to law firm Dechert.

Few advisers will drop out of the industry after the Retail Distribution Review (RDR) and most plan to go independent, research from Capital Platform suggests.

Britain's banks face a financial black hole of up to £60bn from regulatory demands, hidden losses, and potential mis-selling costs that threaten to jeopardise future growth, the Bank of England has warned.

Capital Platform has teamed up with technology developer JCS Software to launch a new service for its Retail Distribution Review (RDR) proposition.