News

Ashcourt Rowan has been given the go-ahead for a potential £8.5m capital injection after a share placing was approved at its annual general meeting today.

Advisers should consider the ownership of a platform when doing their due diligence as foreign-owned platforms are historically more likely to pull out of the market, according to Ascentric managing director Hugo Thorman.

MPs campaigning for better compensation for Arch Cru investors will try to broker a blanket deal on redress to avoid the Financial Ombudsman Service being flooded with claims against IFAs.

Sanlam Private Wealth has written to lawyers for the Financial Services Compensation Scheme to dispute their claims that it gave negligent advice on Keydata products, saying it has never advised on the investments.

The government's decision to switch from RPI to CPI to calculate annual public sector pension upgrades has been ruled lawful in the High Court.

An IFA has written a scathing open letter to Financial Services Authority chief executive Hector Sants, calling for his resignation over the closure of an EEA life settlement fund just days after the regulator said it wants to ban the investments.

Lloyds Banking Group has offered to exchange £4.9bn of its outstanding bonds in order to raise new capital.

A row is brewing involving doctors and insurers that may result in advisers and their clients being stuck between the two factions.

Disabled people living in residential care will continue to have their additional mobility needs met, the Government has announced.

Global health services company Cigna has finalised the acquisition of FirstAssist Insurance Services.