News

The Association for Professional Financial Advisers (APFA) is well placed to represent the industry now it has overcome the "red herring" issue of independence versus restricted, said one national director.

The Financial Services Authority (FSA) is looking to hire behavioural psychologists to help it understand consumer and firm behaviour.

Former Tory Chancellor Nigel Lawson has called for George Osborne to fully nationalise Royal Bank of Scotland (RBS) and criticised the bank's so-called "star" traders.

Pensions and investment technology company, Selectapension, has signed an agreement with Morningstar to provide new life, pension and OEIC funds data.

The National Employment Savings Trust (NEST) has backed calls to remove legal restrictions blocking it from taking transfers in and limiting contributions.

RSM Tenon has appointed BDO as its new auditor following a tender process begun in December.

The start of 2013 has brought some New Year cheer to equity investors, with the FTSE 100 recording its best January since 1989.

Succession, the wealth management group, fund consolidator and platform operator, returned profits of £1.4m last year, and increased funds under management 76% to £1bn.

The Financial Services Authority (FSA) will conduct a review into the £800bn unit-linked fund sector.

The FTSE 100 rose 6.43%, or almost 380 points, in January, making this the strongest start to the year since 1989.