News

Two Labour peers have introduced an amendment to the Financial Services Bill seeking to minimise Financial services Compensation Scheme (FSCS) costs borne by levy-payers.

The former chief operating officer of Barclays, Jerry del Missier, has told MPs Bob Diamond instructed him to lower the bank's LIBOR submissions, on the orders of the Bank of England's deputy governor Paul Tucker.

Fund supermarkets still face number of obstacles before rolling out their investment trust (IT) propositions, according to J.P. Morgan Asset Management.

The International Monetary Fund (IMF) has cut its forecasts for UK GDP growth for both this year and next as it warns of a "ratcheting up" of financial market and sovereign stress in the eurozone periphery.

Just 15% of financial advisers are ready for the Retail Distribution Review (RDR), according to research released today.

Financial advice could boost retirement income by as much as £232 a month, according to a report released today.

The government has tweaked auto-enrolment staging dates for smaller employers again, after concerns were raised over the complexity of the way these companies were defined.

Fidelity Worldwide Investment is to add unbundled share classes for discretionary advisers to a dozen funds in its range.

Inflows into fixed interest and cash rose in the second quarter of 2012, according to Skandia's Investment Trends report.

Advisers expect to write less tax-wrapped business in 2013, according to research.