News

A quarter of advisory businesses have not yet reviewed their client propositions with the retail distribution review (RDR) in mind, research suggests.

The UK may have to fork out £17.5bn to plug a funding shortfall at the International Monetary Fund (IMF) after the organisation warned yesterday it needed additional funds to tackle the eurozone crisis.

SIPP provider Rowanmoor plans to break even in 2012 after announcing promising final-quarter results for 2011 this week.

Henderson has named Jim Irvine, who currently heads up the fund manager's structured products and advisory unit, as head of its £16bn fixed income business.

St James's Place (SJP) welcomed £5.2bn worth of new single investments in 2011 as the wealth manager boosted total funds under management to £28.5bn, up 6% over the year.

Consumers increasingly appreciate the need for protection insurance when they are told about the limitations of state benefits, new research has found.

The first report from new industry research body, The Syndicate is focusing on consumer behaviour and self-image in a protection setting.

Adviser group Paradigm is set to launch a standalone corporate wrap next week.

Financial advisers will lose out on an estimated £80m worth of commission when the government outlaws contracting out of the state pension into private vehicles in April, Standard Life has said.

Inheritance tax (IHT) has morphed from a straightforward system to a "complex maze of traps for the unwary", a report by Grant Thornton has concluded.