News

In fewer than eight years there will be just one million defined benefit savers in the UK, while defined contribution schemes will cover 16 million workers, the Pensions Policy Institute predicts.

PLATFORMS

Barclays has been slapped with the largest-ever fine by the Financial Services Authority (FSA) and a huge penalty by the US authorities after it breached rules regarding LIBOR.

Islamic and ethical investment experts, Oasis Crescent is to provide it's full range of Dublin-based UCITS regulated and Shari'ah compliant funds to UK retail investors.

The asset management industry needs to work more closely with insurance companies over Solvency II requirements, according to a report from the European Fund and Asset Management Association (EFAMA) and KPMG.

Today's confirmation that cash rebates will be banned is a 'blow' to wrap platforms and presents a 'significant challenge' to their business models, fund supermarket Skandia has said.

The Pensions Management Institute (PMI) has launched an Retail Distribution Review (RDR) compliant pensions diploma for advisers wanting to boost their knowledge of the corporate pensions sector.

Tidjane Thiam has been named as the next chairman of the Association of British Insurers (ABI).

Hargreaves Lansdown is confident its business model has the flexibility to cope with the ban on platform rebates proposed today by the Financial Services Authority (FSA).

The unbundling of platform charges will result in greater price competition between fund providers, the Financial Services Authority (FSA) said today.