News

Keith Richards, who stepped down as distribution director at Tenet today, has been named as the new chief executive of the Personal Finance Society (PFS).

The Financial Services Authority (FSA) has revealed that the number of advisers practising in the summer of last year was down 11.5% on the previous year, a fall of more than one in ten.

The Financial Services Authority (FSA) has clarified that advisers who only advise on passive investments do not meet the requirements needed to call themselves independent.

Fidelity FundsNetwork and Skandia have completed the first electronic in-specie transfer of assets between two rival platforms - a key requirement of Retail Distribution Review (RDR).

State pension changes will work with automatic enrolment rules to ensure it actually 'pays to save' for retirement, the pensions minister has said.

Labour will re-introduce a 10p starting rate of tax if it wins the next general election, paid for by a new ‘mansion tax' on £2m properties, Ed Miliband said today.

Jupiter CEO Edward Bonham Carter has called into question the equity market rally, suggesting current moves do not yet signal the start of a new bull market.

Old Mutual Global Investors (OMGI) has cut the charge on Christine Johnson's £452m Old Mutual Corporate Bond fund and renamed its UK-domiciled equity range.

True Potential Wealth Management has said it is offering a "new future" to bank advisers who have found themselves out of a job as a result of changes brought on by the Retail Distribution Review (RDR) and the overall downsizing of the market.

The Financial Services Authority (FSA) has fined Nestor Healthcare Group Nestor) £175,000 for failing to take adequate steps to ensure that its board members and senior executives complied with the share dealing provisions of the FSA's Model Code.