News

The managing director of the Financial Services Authority (FSA), Martin Wheatley, last night congratulated advisers for retaining the trust of their clients, explaining this is the industry's "great strength."

A Loughborough-based financial advisory firm is one of the first to consider moving into legal services following changes to the Legal Services Act made in January this year.

M&G reported a record level of net inflows in the third quarter of £6.4bn, bringing total inflows to £11.3bn for the first nine months of the year, a 329% rise from 2011.

Ashcourt Rowan chief executive Jonathan Polin has bought a further 31,645 shares in the company following the group's interim results yesterday.

Self-invested personal pension (SIPP) specialist James Hay Partnership has reported positive results following the overhaul of its business model.

The director of the Serious Fraud Office (SFO) has admitted the organisation has been suffering from "failure in quality" and needs to "up its game", the Telegraph reports.

Victims of Bernard Madoff's Ponzi scheme are set to receive proceeds from a $210m settlement between a Bank of New York Mellon advisory firm subsidiary and US authorities, the New York attorney-general has said.

The current Financial Services Compensation Scheme (FSCS) funding strategy is 'unsustainable' and poses a threat to both advisers and consumers, according to Tenet.

In this week's quick fire poll we ask: Would you like to see improvements in the SIPP re-registration process?

As Greece finds itself making headlines once more, eurosceptic John Redwood has warned a euro break-up is still on the cards.