News

Financial adviser Lighthouse Group has announced it plans to de-list from AIM, citing pressures brought about by the retail distribution review (RDR) and regulatory changes.

The Serious Fraud Office (SFO) will launch a criminal investigation into the manipulation of the benchmark lending rate.

The FSA has written to fund houses requesting reports on whether their corporate bond funds could meet redemption demands, amid liquidity concerns in the fixed income market.

Independent advisers must lobby the Solicitors Regulation Authority (SRA) in a bid to convince it not to soften its rules around referrals to independent advisers, according to SIFA compliance director Ian Cockerill.

IFG Group, the owner of self-invested personal pension (SIPP) provider James Hay Partnership and IFA firm Saunderson House, has confirmed the sale of its international division.

Scottish Widows Investment Partnership (SWIP) has outlined the shape of its restructured equities offering.

The Financial Services Authority (FSA) has admitted it still has plenty of work to do on educating the public on the Retail Distribution View (RDR), but said advisers will also have to play their part in explaining the changes to the market.

The Department for Work and Pensions (DWP) has clarified the way in which consultants are allowed to charge for setting up group personal pensions for auto-enrolment.

The latest round of quantitative easing (QE) from the Bank of England (BoE) is set to drive down annuity rates even further, hitting pensioners' incomes.

Former chief executive Bob Diamond is facing a battle to keep his £25m pay-off from Barclays after it emerged the bank's board is looking into its legal position on his entitlements.