News

People coming up to retirement are choosing to save rather than spend, research has found.

Franklin Templeton is to close two of its UK OEICs and merge away two others following a review of its UK domiciled fund range.

The European Life Settlement Association (ELSA) has blamed the "sensationally negative" FSA for damaging the traded life policy sector (TLPI) sector.

The Financial Services Authority (FSA) has been told by a judge that it must destroy privileged attorney-client emails it obtained as part of its investigation into Keydata.

The Financial Services Compensation Scheme (FSCS) has begun proceedings against more than 160 advisory firms it alleges mis-sold Lifemark-backed Keydata products.

A total of 162 firms have been included in proceedings launched by the Financial Services Compensation Scheme to claw back money paid out to investors in Lifemark-backed Keydata products.

The Financial Services Authority (FSA) has voiced concerns about advisers' gap-fill progress ahead of RDR implementation at the end of the year.

Allianz Global Investors is to launch a range of risk-rated multi-asset funds in response to growing demand for "outcome-orientated" solutions.

Deputy Prime Minister Nick Clegg has given the clearest indication yet the government will be forced to backtrack on its plans to cap tax-free charitable giving.

The Chartered Insurance Institute (CII) has announced additional R06 examination sittings in six locations in August, following "a clear growth in demand".