News

Under half of savers managing their own self-invested personal pension (SIPP) understand their provider's charging structure, a study from Investec Wealth & Investment (IW&I) has found.

Ian Muirhead, previously managing director of SIFA has been promoted to chairman of the group.

The advisory arm of Sanlam UK has said it will move from a national to a 300-adviser network over the next five years.

HM Revenue & Customs (HMRC) will spend an extra £34m and recruit up to 1,000 extra contact centre staff to achieve its target of answering 90% of calls, chief executive Lin Homer has announced.

Support service PanaceaIFA has criticised the Financial Services Compensation Scheme (FSCS), after a poll of its members found 97% believe there needs to be more transparency about how the body arrived at its 2012/3 levy.

The Consumer Prices Index (CPI) rate of inflation climbed to 2.6% last month, from 2.4% in June.

Better-than-expected German and French GDP figures have raised investor hopes that Europe's second largest economy will ease eurozone pain.

Discretionary fund manager Brooks Macdonald is to make its administration services available to adviser clients, following "significant demand".

A solution to the European debt crisis will not be enough to turn around global economic performance, at least for the next few years, according to a report by thinktank the Centre for Economic and Business Research (CEBR).

Henderson has reported net outflows of £2.1bn in the first half of 2012 as second quarter retail outflows hit AUM amid difficult markets.