News

Sales of UK-listed funds have fallen to their lowest level this year, the Investment Management Association (IMA) has revealed.

A significant proportion of advisers are to adopt a "second platform" strategy following the Financial Services Authority's (FSA's) finalised guidance on independent and restricted advice, according to the Platforum's adviser platform guide.

IFAs expect DIY investing to rocket post the Retail Distribution Review (RDR), but the number that think this will cause problems for their clients has fallen year on year, according to research.

The Financial Services Authority (FSA) has proposed out new rules which would require banks and building societies to check customers' eligibility to claim on insurance cover provided in packaged accounts.

Standard Life has revealed a range of charging methods for its Retail International Bond product ahead of the Retail Distribution Review (RDR).

Castle Trust, the investment and mortage business designed to help unlock the housing market, has been notified the FSA is set to authorise the business.

Barclays has reported pre-tax profits of £4.2bn for the six months to 30 June but has set aside £450m for swaps redress and revealed its finance director is under investigation by the FSA.

Almost half the victims of the Bernie Madoff ponzi investment scheme will get their money back after a $1.5bn payout was announced, The Times reports.

The Society of Trust and Estate Practitioners (STEP) has a released a programme that aims to strengthen national tax systems and fight abusive tax avoidance.

The Personal Finance Society (PFS) has appointed Sharon Sutton as an adviser to its board.