News

The Financial Services Authority (FSA) is planning to ramp up its efforts to make consumers aware of the Retail Distribution Review (RDR) next month.

The Law Commission is to move to protect consumers from unfair clauses hidden in the small print of financial services contracts.

The Board of financial adviser Lighthouse Group has moved to end speculation over its plans to de-list the company from the AIM stock market.

Six men have been convicted of offences relating to insider dealing which netted them £732,000 in profits.

Newton is to launch an Emerging Markets Income fund for Jason Pidcock to complement the manager's existing £2.1bn Asia Income fund.

The 2% floor in gilt rates, set by HM Revenue & Customs in 2011, should be lifted to 3% or 4% to ease financial pressure on pensioners in drawdown, a provider has said.

The leading accountants' trade body is to redraft its code of ethics and allow members to refer clients to restricted advisers on a case-by-case basis after the Retail Distribution Review (RDR).

A Belfast-based former appointed representative of St James's Place has joined Succession Advisory Service, establishing a Northern Ireland hub for the company.

UK dividends rose 18.4% in Q2 2012 to reach a record high of £22.6bn, fuelled by special dividends and strong underlying growth, according to the latest Capita Dividend Monitor.

John Kay has released his final report on the UK financial services sector, calling for investors to rethink their approach to portfolio construction and risk management.