News

Pershing has begun hosting its practice management programme in the UK for the first time, giving firms an insight into regulation, buying, selling and merging businesses, technology and changing client demands.

Fidelity Worldwide Investment has launched a shopping around tool with Annuity Direct to help people use the open market option.

Asset management boutique Newton, a subsidiary of BNY Mellon, is set to launch fully unbundled Retail Distribution Review (RDR)-ready share classes across its entire fund range in September.

Royal Bank of Scotland (RBS) chief executive Stephen Hester has emerged as the frontrunner to fill the vacant chief executive position at Barclays.

The Financial Services Authority (FSA) has warned that most crowdfunding schemes should only be targeted at sophisticated investors, amid concerns about their risk and complexity.

FIVE THINGS

A retired couple in their 70s face a massive tax interest bill dater moving their retirement funds offshore to get around UK pension rules, the Daily Mail reports.

Banks "could learn a thing or two about fair play" from the Olympic movement, according to Bank of England governor Mervyn King.

AXA Wealth International has created an offshore sales and distribution division and appointed a new head of proposition.

The Bank of England (BoE) should expand its range of economic recovery measures, according to an outgoing member of the Monetary Policy Committee.