News

A compliance officer has received a partial prohibition from the Financial Services Authority (FSA) for failing to prevent unregulated collective investment scheme (UCIS) mis-selling by one of his firm's directors.

Suffolk Life has revised its self-invested personal pension (SIPP) due diligence guide after consultation with advisers.

Pension planning is still the most common reason for seeking financial advice, with 32% of enquiries in July focusing specifically on retirement, figures from Unbiased have showed.

Cofunds is to provide its adviser users with access to a range of discretionary fund managers (DFMs) via the wrap for the first time.

Profits at Royal London fell by 25% in the first half of the year as a slow market hit new sales and low interest rates affected revenues from customers' policies.

Finland's foreign minister said the country is taking measures to prepare itself for a full-blown currency crisis in Europe.

Pension provider Scottish Life is to launch five portfolios with varying levels of risk exposure designed specifically for clients in income drawdown.

A quarter of higher rate taxpayers are missing out on pension tax relief as they shun the product, Prudential research has found.

Reports that government will enact Dilnot's £35,000 long-term care cap after the next general election could prevent confused clients taking immediate action on long-term care, a provider has warned.

UK retail sales have posted a surprise rise in July, up 0.3% from June, beating analysts' expectations of a more modest 0.1% increase.