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News

Wrap/platforms

Terry Smith: Platforms adding to fund costs

Terry Smith, the City veteran and founder of low cost fund management group Fundsmith, has attacked platforms in the UK for adding to the overall cost of investing in funds.

clock 16 February 2012 •

Regulation

Merchant Capital warns clients may suffer due to FSA probe

Merchant Capital has warned some of its clients may suffer losses due to an ongoing Financial Services Authority (FSA) investigation into its custodian company Pritchard.

clock 16 February 2012 •

Economics / Markets

UK odds on to retain triple-A status, says bookie

It is far more likely the UK will retain its prized triple-A status than be downgraded, according to the bookies which seem unperturbed by the recent ratings agency threat.

clock 16 February 2012 •

uncategorised

European Commission pushes SII for pension funds

The European Commission (EC) has promised to review funding requirements for pension funds to fall into line with Solvency II (SII).

clock 16 February 2012 •

Pensions

Retirement ages rose one year since 2004, says ONS

Average retirement ages rose by almost one year between 2004 and 2010 according to research published by the Office for National Statistics (ONS).

clock 16 February 2012 •

Your profession

Bankhall unveils budget service for advisers

Bankhall has launched an entry-level service aimed at advisers looking for low-cost support.

clock 16 February 2012 •

Investment General

FSA fines ex-Merrill Lynch director £350k over Punch rights issue

The Financial Services Authority (FSA) has fined a former managing director at Merrill Lynch International for disclosing inside information about Punch Taverns prior to its 2009 rights issue.

clock 16 February 2012 •

Technology

Openwork launches online support system for advisers

Openwork is launching an online support system to help its advisers target and segment their client base.

clock 16 February 2012 •

With Profits

L&G holds with-profits bonuses

Legal & General's with-profits fund returned 1.7% in 2011 in a year which saw total bonuses of £459m added to with-profits policies.

clock 16 February 2012 •

Investment

Pension schemes plan to sue Lloyds directors

Three of the country's largest pension schemes are in talks to join a lawsuit against Lloyds TSB directors for allegedly misleading investors over the Halifax Bank of Scotland (HBOS) merger.

clock 16 February 2012 •
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