News

Assets on Royal London's wrap platform Ascentric grew 42% to £4.7bn in the nine months to 30 September, with new inflows dropping 18% to £856m, according to latest figures.

A City trader has been jailed for 13 years after admitting he defrauded investors, with losses estimated to be more than £32m.

Hargreaves Lansdown is to use its apprenticeship scheme to expand adviser numbers post-Retail Distribution Review (RDR).

Fund of funds accounted for a record level of funds under management at the end of Q3 this year, according to the Investment Management Association (IMA), up 18% compared to the same quarter last year.

The Financial Ombudsman Service (FOS) has ruled Intrinsic Independent Limited must repay about £86,000 to a client it gave unsuitable advice to invest his self-invested personal pension (SIPP) into an offshore property unregulated collective investment...

Public sector pensions need further reform before 2020 to avoid an annual £32bn liability for UK taxpayers, a Centre of Policy Studies report has said.

Pressure on government to reform maximum drawdown rates should be resisted as the move would see more pensioners deplete funds before they die, Partnership has warned.

The Association of Private Client Investment Managers (APCIMS) has requested clarification from the Financial Services Authority (FSA) on when the adviser charging rules apply to adviser referrals to discretionary investment managers (DIMs).

At retirement specialist Just Retirement has reported record group sales for the first quarter of 2012-2013 of £455.5m, an increase of 36.6% on last year.

Self-invested personal pension (SIPP) provider James Hay Partnership is to waive its £50 transfer fee for clients transferring into its iSIPP.