News

Two major platforms are considering adding to their charging options after advisers suggested they - rather than their client - could pay the platform administration charge.

The Bank of England has held the base interest rate at 0.5%.

Openwork, the multi-tied network, will make the majority of its advisers use its distributor influenced funds Omnis Investments from 2013.

Firms devising and running tax avoidance schemes are "running rings" around Her Majesty's Revenue & Customs (HMRC), MP Margaret Hodge has said.

A professional indemnity (PI) insurer has hit out at a proposed £110m redress scheme for Arch Cru investors, saying it is fundamentally flawed and could cause "substantial damage" to IFA firms.

Plan Money has partnered with an aggregator and launched its first automated, non-advised proposition for protection business.

GLG Partners is to reopen the top-performing Japan CoreAlpha fund range, run by Stephen Harker (pictured), Neil Edwards and Jeffrey Atherton.

Jupiter's head of UK equities Anthony Nutt is to hand over his retail portfolios next year ahead of a move to retire from fund management in 2014, Investment Week can reveal.

Poorer retirees will no longer have to pay higher-rate tax when they take a small pension pot as cash.

Britain could lose its AAA credit rating after George Osborne admitted he will miss his target to reduce Britain's debts and have to borrow an extra £100 billion.