News

LV= has reduced charges on its self-invested personal pensions (SIPPs) worth between £350,000 and £1m from 35 to 20 basis points (bps), a decrease of more than 40%.

The shortlist for the Professional Adviser/Baillie Gifford Financial Education Award 2013 has been announced.

Average growth of IFAs will be 4% in 2013 according to a new report, but companies should be careful to retain profitability as they expand, an analyst said.

A medical research tax avoidance scheme, promoted by Matrix Securities, has been successfully challenged in court by HM Revenue & Customs (HMRC).

National wealth manager, Bellpenny, has acquired Monmouthshire Independent Financial Advisers (MIFA), a subsidiary of Monmouthshire Building Society.

Alliance Trust Savings (ATS) has boosted its intermediary sales team from one to eight members as part of a push into the advised market.

STEER CLEAR

Strong inflows into Aberdeen Asset Management's emerging market debt range have helped drive a 3% rise in the group's AUM in the three months to 31 December 2012.

Former Aviva sales manager Nick Casey has joined Carmignac as the French group further strengthens its UK presence.

Fidelity's head of research for European equities, Henk-Jan Rikkerink, has outlined eight core themes revealed in a recent survey of the group's investment professionals.