News

The Financial Services Authority (FSA) has fined IFA network Pi Financial £58,300 for advising its clients to invest in high risk products which were "clearly" unsuitable.

LV= will switch its protection business to gender neutral rates on 1 December and has announced its pipeline strategy for advisers.

Franklin Templeton Investments has bought a majority stake in hedge fund firm K2 Advisors Holdings (K2), expanding its alternative investments and multi-asset propositions.

Bill Gates has been named the wealthiest American for the 19th year in a row, according to Forbes' rich list.

JP Morgan Asset Management has outlined its plan to offer three share classes post-Retail Distribution Review (RDR) and has placed the onus on advisers to pick the right share.

The Government is predicting 600,000 more people will be saving into a workplace pension by the end of the year as a result of the introduction of auto-enrolment.

SEI has appointed Kevin Addison as managing director, head of UK asset management distribution.

Fewer people are saving long term as covering current costs gets harder, according to AXA's Big Money Index 2012.

Primetime Retirement has partnered with the Avelo Exchange portal in a bid to expand the distribution of its fixed term annuity offering.

Newly-released documents have revealed the Financial Services Authority (FSA) approved Bob Diamond's appointment as CEO of Barclays, despite concerns about the culture at the firm and the knowledge that the bank may face punishments for LIBOR-fixing....