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News

Wrap/platforms

Nucleus raids Standard Life to beef up operation team

Nucleus has bolstered its wrap operations team with the appointment of former Standard Life man Martin Leckie as investment operations manager.

clock 24 May 2012 •

Regulation

Regulatory costs now a 'huge problem' for networks, says Lighthouse director

An "explosion" in regulatory costs is becoming a "huge problem" for networks and national advisory businesses, according to a director at Lighthouse Group.

clock 24 May 2012 •

Wrap/platforms

Ascentric to hold adviser open days

Platform Ascentric is to hold a series of open days for advisers to help them better understand the service.

clock 24 May 2012 •

Economics / Markets

UK recession worse than feared as GDP revised down

The decline in UK GDP growth in the first quarter of 2012 was today revealed to be worse than expected, after the Office for National Statistics reported a worse than feared fall of 0.3%.

clock 24 May 2012 •

Offshore Investment

International retirement funding gap widening

IFAs around the world report as many as three out of five of their clients have a retirement funding gap. The largest has been noted by IFAs based in Singapore who say that 65% of their clients have a gap between how much they are saving and what they...

clock 24 May 2012 •

Offshore Investment

Redemptions rise to highest levels since 2008

Europe equity fund managers are caught between a rock and a hard place as equity markets across Europe fall and redemptions rise to their highest levels since 2008, according to S&P Capital IQ Fund research.

clock 24 May 2012 •

Offshore Investment

B+ rating retained by Royal London 360°

Royal London 360° has retained its B+ AKG rating by AKG Actuaries and Consultants. The ratings aim to highlight both the financial and relative strength of long-term insurers.

clock 24 May 2012 •

Economics / Markets

Free banking 'myth' must end, says PRA chief-in-waiting

The notion of free banking is a "myth" that may ultimately encourage the mis-selling of financial products, Bank of England executive director Andrew Bailey has said.

clock 24 May 2012 •

Economics / Markets

EU leaders: we want Greece to stay

German Chancellor Angela Merkel and other senior European Union (EU) officials last night called on Greece to shelve plans to quit the single currency and urged it to see out its austerity programme.

clock 24 May 2012 •

Investment

Scottish Life develops adviser drawdown support package

Scottish Life is developing an income drawdown package to better support advisers setting up the product ahead of potential Financial Services Authority (FSA) regulation.

clock 23 May 2012 •
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