News

The pick of this week's articles on IFAonline...

The Financial Services Authority's (FSA) review of the quality of point-of-sale income drawdown advice is in danger of missing a greater risk to clients, an expert has warned.

Financial services group Close Brothers has revealed its asset management division recorded a moderate loss and suffered a drop in assets in the second half of 2011 as the difficult market conditions hit investor sentiment.

Friends Life has revealed the details of its online auto-enrolment portal for employers.

Skandia Investment Group has awarded mandates on its UK Best Ideas and Global Best Ideas funds to Artemis' Global Growth manager Tim Steer.

A tax adviser has been found guilty of attempting to defraud clients of £70m with a tax avoidance scheme.

The Financial Services Authority (FSA) has awarded accredited body status to the Institute of Chartered Accountants in England and Wales (ICAEW) and the Pensions Management Institute (PMI).

John Pellegry, Asian equities product director at Invesco Perpetual, says investors should position their portfolios for potentially "choppy" markets in Asia.

Newton has kicked off the new year with a reshuffle of its investment team. Jeff Munroe is stepping down as Chief Investment Officer to lead Newton's global equities effort and Simon Pryke steps up from his role as Head of Private Client and Charities...

Cofunds has appointed Barclays Stockbrokers as exclusive provider of its new stock trading service.