News

Wrap platform Ascentric has passed £5bn of assets under administration, an increase of 36% since the start of 2012.

Global fund management groups such as BlackRock, T Rowe Price and Federated Investors are rushing to set up ‘ultra-short' bond funds to lure investors away from the money markets.

The ECB has cut growth forecasts for next year as President Mario Draghi warned of a continued gloomy outlook for Europe in 2013.

Two-thirds of bank staff with sales roles are finding themselves under "more pressure than ever" to hit targets, despite the slew of major mis-selling scandals in recent years, Which? has said.

Some large adviser networks may be forced to "tackle" their independent advisers and switch to a restricted advice proposition in order to survive, according to one chief executive.

IFAs will be hit with a "tsunami" of requests for information about corporate pensions in the next four years, forcing them to deal with the sector, according to pensions expert Steve Bee.

AXA Wealth's Elevate platform has passed £5bn of assets under administration (AUA), a rise of 40% since the start of 2012.

A financial services trade body, set up to assist with international policy and regulation, has gone insolvent after thousands disappeared from the organisation's bank accounts without explanation.

Royal London has agreed to change the terms used in its Scottish Life branded unit linked consumer contracts after the Financial Services Authority (FSA) found they may have been unfair.

RSM Tenon has said it will not re-appoint PricewaterhouseCoopers (PwC) as auditor of the company following a vote at the company's annual general meeting(AGM)today.