News

Conservative MP Mark Garnier has expressed frustration at the confusion over whether it is politicians or regulators who are responsible for determining if the financial advice industry re-introduces a long-stop on complaints.

The proportion of borrowers remortgaging increased to four in ten last month, which could signal the start of a rush as fixed rates continue to fall for home owners with a large deposit, said an adviser.

[Updated 10/8] Sir Elton John is suing The Times newspaper over two articles he claims implied he is a tax dodger.

Bank of England (BoE) governor Mervyn King has warned against a further cut in interest rates, arguing it would damage the banking sector and may be "counterproductive".

Sandringham Financial Partners, the national restricted advisory business set up by Ken Davy and Steve Braidford, has appointed a compliance director.

Skandia has set out its unbundled charging structure, claiming it will result in a 0.37% platform charge for its typical customer.

The distraction of the Retail Distribution Review (RDR) for advisers and challenging market conditions have been blamed for a 40% dip in net inflows onto Skandia's platform in the first half of this year.

Old Mutual Wealth Management is set to unveil its plans for RDR-compliant pricing on its fund platform, and is preparing to boost its offering in the risk-rated funds and DFM space with a revamp of its product range.

The Bank of England (BoE) is set to cut economic growth forecasts to almost 0% for this year, amid a deepening double dip recession.

In this week's quick fire poll we ask: PICA is spearheading the development of a directory of pension intemediaries. Is this a good thing?