News

Standard Life will roll out RDR-friendly charging structures across its key retail product lines this year, in a move which will see the provider pass fund manager rebates back to new clients on its fund supermarket, FundZone.

The Financial Services Authority (FSA) has fined Martin Currie Investment Management Limited and Martin Currie Inc £3.5m for failing to manage a conflict of interest between two clients.

The financial services industry can protect itself from future mis-selling scandals by outlawing commission across the board, BBC Moneybox journalist Paul Lewis said today at the annual Building Societies Association (BSA) conference.

UBS has been granted a licence from FTSE Group to use its recently launched currency product, FTSE WPU (World Parity Unit).

The Bank of England's Monetary Policy Committee has resisted calls for further quantitative easing after leaving its programme of stimulus unchanged, with interest rates also kept on hold.

The Financial Ombudsman Service (FOS) has ruled against an adviser who recommended clients invest in cells of the Stirling Mortimer fund range.

Aviva Investors has appointed Paul Abberley as interim chief executive following the departure of Alain Dromer.

Hargreaves Lansdown has said it "intends" to remain independent after the Retail Distribution Review (RDR).

Skandia UK has reported an increase in funds under management to £35.6bn for the first three months of the year, but net sales slipped 50%.

Royal London saw a 10% decline in new life and pensions business in the first quarter, citing difficult market conditions.