News

Three brave finance professionals are preparing to undertake a gruelling walk to the North Pole, with the aim of raising £1m for worthy causes.

Parmenion has been selected as the sole provider of investment infrastructure for CAERUS Portfolio Management Limited (CPML), the fund management arm of CAERUS Capital Group.

The majority of advisers do not understand the structure of exchange traded funds (ETFs), research suggests.

The Financial Services Authority (FSA) has publicly censured Principal Mortgage Services Limited (PMSL), a mortgage broker based in Worcester, for failing to give suitable advice on interest-only mortgages.

The introduction of Solvency II could see annuity rates, currently at record lows, drop a further 20%, Deloitte has warned.

SIPP provider James Hay Partnership has linked with True Potential to offer access to the James Hay iSIPP via the True Potential Wealth Platform.

Moody's has downgraded the credit ratings of five of the Netherlands' largest banks as the country's economy struggles with a domestic recession and the effects of the eurozone crisis.

A pensions analyst who authored a report criticising the industry has spoken about the ‘vitriolic' reaction from independent financial advisers (IFAs) to his recommendations.

FIVE THINGS

Despite persistent fears of debt spreading around the globe, the number of affluent individuals worldwide are predicted to rise by as many as 20 million per year. India is tipped to climb within the top 10 wealth markets' table.