News

The impact of the Retail Distribution Review (RDR) will not be felt by many consumers until the middle of next year when they make their half yearly visit to their adviser, potentially building up a bottleneck of discussions about fees, Prudential has...

One London-based adviser has said that an unseen restrictive covenant in a contract with his appointed representative (AR) firm means that he is prevented from working for one of the biggest networks in the country forever.

Richard Wilmot has been named the new lead manager of the £2.2bn Newton Higher Income fund, previously managed by Tineke Frikkee.

Advisers will be unlikely to pay more than 30bps in platform charges next year, according to Fidelity FundsNetwork.

Brooks Macdonald Funds (BMF) has introduced a clean share class across its fund range.

The Financial Services Authority (FSA) has fined ex-sub-prime lender Cheshire Mortgage Corporation Limited (CMCL) and two of its directors for mortgage sales failings leading to compensation for more than 2,000 customers.

Skandia has cut 20 of its 100-strong sales force as it restructures its financial adviser sales team ahead of the Retail Distribution Review (RDR).

The Department for Work and Pensions (DWP) will review the Pension Protection Fund (PPF)compensation cap over fears long-serving workers are receiving "penal" treatment.

A number of celebrities, including pop star Robbie Williams, are facing multi-million pound tax bills if a tribunal judgement goes against VCT provider Ingenious Media.

Resolution has announced its finalised governance restructure which will see it pay £7.5m to its external management arm, Resolution Operations Limited (ROL).