News

Platforms could see a sharp rise in operating costs if multiple share classes exist for pre- and post- the cash rebate ban, according to the Tax Incentivised Savings Association (TISA).

Removal of commission from investment markets will help raise all-time low levels of consumer confidence in financial services, the Financial Services Consumer Panel (FSCP) has said.

Prudential has dropped funds including Richard Buxton's Schroder UK Alpha Plus fund from its Dynamic Portfolio range in a move to diversify UK equity risk.

James Senior, head of marketing at Ignis, has left the firm with immediate effect.

Bank of England (BoE) deputy governor Paul Tucker has admitted quantitative easing (QE) had lost some of its "bite", the Telegraph reports.

The LIBOR system is "broken and needs a complete overhaul", according to Financial Services Authority (FSA) head of conduct Martin Wheatley.

Almost two million people plan to use their property to bolster their retirement income, research shows.

The Association of Independent Financial Advisers (AIFA) has warned that a proposed ban on cash rebates by platform service providers could lead to increased costs for consumers.

A number of platforms have questioned the Financial Services Authority's (FSA) intention to ban cash rebates to consumers.

The US economy grew more slowly than expected in the second quarter, compounding fears the world's largest economy could be heading back into recession, the latest data has revealed.