News

Former Tory Chancellor Nigel Lawson has called for George Osborne to fully nationalise Royal Bank of Scotland (RBS) and criticised the bank's so-called "star" traders.

Pensions and investment technology company, Selectapension, has signed an agreement with Morningstar to provide new life, pension and OEIC funds data.

The National Employment Savings Trust (NEST) has backed calls to remove legal restrictions blocking it from taking transfers in and limiting contributions.

RSM Tenon has appointed BDO as its new auditor following a tender process begun in December.

The start of 2013 has brought some New Year cheer to equity investors, with the FTSE 100 recording its best January since 1989.

Succession, the wealth management group, fund consolidator and platform operator, returned profits of £1.4m last year, and increased funds under management 76% to £1bn.

The Financial Services Authority (FSA) will conduct a review into the £800bn unit-linked fund sector.

The FTSE 100 rose 6.43%, or almost 380 points, in January, making this the strongest start to the year since 1989.

The platform industry will struggle to ever break even as a whole, according to research into firms' financial stability.

Insurance companies such as Standard Life and Resolution could lose out from a Financial Services Authority (FSA) probe into the £11bn annuities market, analysts said.