News

IFA firm AFH has bought Hereford-based adviser Elgar Financial for £120,000.

Axa Wealth has confirmed it will not retain any commission on advised top-ups after the Retail Distribution Review (RDR), insisting charges will be reduced for clients.

The Financial Services Authority (FSA) has banned former HBOS executive Peter Cummings and fined him £500,000 for failings within the company's corporate division.

Invesco Perpetual has appointed David Millar, Dave Jubb and Richard Batty to form a new multi-asset group as an integral part of its Henley investment team.

Aviva is to axe four products to new business, including its Aviva self-invested personal pension (SIPP), blaming duplication in the product range for the move.

Regulated firms will not be able to use the logo of the Financial Services Authority's (FSA's) successor, under plans drawn up for next year.

Smith & Williamson Investment Management is launching a range of risk-rated funds via SimplyBiz's investment service Verbatim.

The government "should not pay much attention" to unions' threats to strike over public sector pension and pay reforms, chief Treasury secretary Danny Alexander has said.

The Financial Services Authority (FSA) has banned a financial adviser after he gave false references from a previous employer, from which he had been dismissed for dishonesty.

The euro hit a four-month high today against the US dollar after German lawmakers said the country can now approve Europe's rescue fund.