News

Friends Life has increased the commission advisers receive on its income protection policies by approximately 15% in a bid to bring it into line with commission received on critical illness and life products.

Hargreaves Lansdown co-founder Peter Hargreaves has seen his personal wealth fall by nearly £200m in the last 12 months, according to the latest Sunday Times Rich List.

Long-term care advisers are well placed to deal with RDR, delegates at the ninth Symponia conference heard.

Equity release provider More 2 Life saw its market share of lump sum business through advisers reach 14% in Q1.

There were fiery exchanges at Barclays' AGM today, as shareholders grilled CEO Bob Diamond over his pay packet, the PPI mis-selling scandal, and the value of the bank's shares.

The Financial Services Compensation Scheme (FSCS) has more than doubled the annual levy for financial advisers for 2012/13, largely as a result of known claims relating to Arch Cru and MF Global.

Final rules from the Financial Services Authority (FSA) on pension transfers mean it will be tougher for advisers to recommend moving cash from defined benefit (DB) to personal pensions.

The majority of advisers will not offer a self-directed service to clients after the Retail Distribution Review (RDR), recent findings suggest.

Illusive trader Alan Howard has been ranked the wealthiest hedge fund manager as part of the Sunday Times Rich List, after his fund managed to outperform through the eurozone crisis last year.

RBS has revised its Bank of England forecasts, scrapping its prediction of further QE and forecasting an initial hike in UK interest rates in the second quarter of next year.