News

The government has proposed to exempt employees who work both in the UK and European Economic Area (EEA) member states from auto-enrolment.

JM Finn & Co has penned a deal with Brunel Capital Partners which will see it provide discretionary management services to the financial planning firm via a wrap platform.

GAM has poached two Quilter executives as the global investment manager looks to expand its discretionary fund management (DFM) capability and develop outsourcing solutions for UK IFAs.

Closed life fund consolidator Phoenix has held the majority of its annual bonuses at low rates or at 0% as it focuses on final payouts.

The Financial Services Authority (FSA) has fined Santander £1.5m for failing to confirm to customers the circumstances under which its structured products would be covered by the Financial Services Compensation Scheme (FSCS).

Her Majesty's Revenue and Customs (HMRC) expects to issue some 850,000 penalties for late tax returns over the next fortnight, 550,000 fewer than the same time last year.

Ageas continued its protection market growth and halved its pre-tax loss in 2011.

Invesco Perpetual is bringing a range of multi-asset, risk-rated funds to the UK run by its Atlanta-based global asset allocation team headed by CIO Scott Wolle.

The Professional Adviser International Fund & Product Awards are now open to entries. The deadline is 30 March 2012.

Following the introduction of the streamlined regulatory regime in Jersey at the end of last month, the first fund is now launched investing in European real estate.