News

The latest appointments in financial services...

Positive Solutions has appointed former Honister CEO Richard Pearson as its chief operating officer.

The Royal Bank of Scotland is to cut 618 roles within its financial advice arm as a result of the retail distribution review (RDR).

Advisers have been urged to review cases where they arranged the transfer of non-protected pension rights after a portion of a client's pension went missing for four years.

Three gang members have been jailed for a total of 35 years for carrying out a £38m VAT fraud through a complex chain of carbon credit trades.

Aegon is set to tell investors and analysts that it aims to double the percentage of sales it makes directly to customers (D2C) to about a third by 2015, according to reports.

The government has held firm in its refusal to bow to pressure to give almost six million children access to junior individual savings accounts (ISA).

Some 54% of fund managers are set to increase their exposure to ETPs and ETFs over the next three years, with a quarter anticipating an increase of 10% or more.

The current crisis in Spain will result in Spanish bank bondholders taking severe haircuts, after a similar scenario in Ireland last year, Henderson Global Investors says.

The UK's inflation rate posted another surprise drop in May, falling to 2.8%, as the lack of activity in the UK continues to bring prices down sharply.