News

Allianz Global Investors is to merge away three UK equity funds as it refocuses its adviser business in the UK.

Oil prices dropped yesterday as economic data from China and Europe renewed concerns about a slowdown in global demand.

Fewer pension scheme members will be offered the chance to transfer out following the introduction of a voluntary code of conduct and changes in how members are advised, law firm Osborne Clarke has said.

The new financial regulators will have the power to discipline individuals for activities outside of the controlled functions they perform, under rules proposed by the Financial Services Authority (FSA).

IFA consolidator and wealth management business Bellpenny has received authorisation from the Financial Services Authority (FSA) today.

The UK economy is in "a very deep crisis" and it is difficult to predict when it will recover, according to Business secretary Vince Cable.

Advisers are now able to build, run and trade share portfolios as actively as a fund manager - but with trades costing as little as 50p, a fraction of the usual cost, a firm has said.

Consumer trust can "breed arrogance" within organisations, the leader of the Question of Trust campaign told delegates at the IFP conference yesterday.

Shadow home secretary Yvette Cooper yesterday called for new laws to be written to better deal with financial crimes such as LIBOR manipulation.

PanaceaIFA, the online community for IFAs, is rebranding to Panacea Adviser to reflect the changing advisory landscape ahead of the implementation of the Retail Distribution Review (RDR).