News

Financial services firms have warned the cost of complying with regulations after the Financial Services Authority is split next year could rise by 20%, according to a survey by consulting firm Protiviti.

Adviser and SIPP provider Mattioli Woods said the acquisition of Kudos Independent Financial Services 12 months ago helped boost its full-year wealth management revenues by almost 50%.

Liberal Democrat leader Nick Clegg will argue for a "time-limited" extra tax on the UK's wealthiest people as politicians reconvene after their summer breaks.

Dentons Pension Management has enhanced its web portal to give advisers 24 hour access to client portfolios.

The Spanish region of Catalonia has asked the central government for a €5bn pay-out to help the struggling region, amid the country's latest GDP data showing it is in a deeper recession than feared.

Scottish Widows Investment Partnership (SWIP) is set to continue its graduate programme but has halved the size of its intake.

Retirement Planner's round-up of the top pension stories this week.

In this week's quick fire poll we ask: Are you happy with the FSA's decision to ban UCIS sales to retail investors?

The Building Societies Association (BSA) has backed the decision to bring claims management companies (CMCs) under the umbrella of the Legal Services Ombudsman, but wants it to publish complaints data like the financial Ombudsman.

Fixed income continues to be the asset class of choice for UK retail investors, accounting for more than half of July's net retail sales, the latest figures from the Investment Management Association (IMA) show.