News

Tesco Bank has made a move into the mortgage market by launching a range of non-advised deals.

The pick of this week's articles on IFAonline...

July US employment figures have come in well ahead of economists' estimates, helping stave off fears of a new US recession, despite a small rise in the unemployment rate to 8.3%.

Mattioli Woods has launched an in-house discretionary portfolio management service.

Net retail sales of funds of funds have exceeded £1bn for the first time in a year, according to Investment Management Association (IMA) figures.

Axa Wealth has appointed Nucleus' Andrew Smith as chief operating officer (COO) of its platform proposition, Elevate.

The National Institute of Economic and Social Research (NIESR) has called on the government to loosen its debt reduction plans as growth forecasts are slashed for the UK.

Total assets on Axa's platform proposition Elevate grew by 49% to £4.3bn over the last year.

Trade body SIFA has protested against the reduction in time allowed for responses to a Solicitors Regulation Authority (SRA) consultation into adviser referrals, stating the reduction is not "proper and democratic".

Abbey for Intermediaries is to reduce rates on a number of its mortgage products.