News

Ageas continued its protection market growth and halved its pre-tax loss in 2011.

Invesco Perpetual is bringing a range of multi-asset, risk-rated funds to the UK run by its Atlanta-based global asset allocation team headed by CIO Scott Wolle.

The Professional Adviser International Fund & Product Awards are now open to entries. The deadline is 30 March 2012.

Following the introduction of the streamlined regulatory regime in Jersey at the end of last month, the first fund is now launched investing in European real estate.

Banking giant Lloyds is to strip five current and former senior bankers of some £1m in bonuses over their role in the mis-selling of payment protection insurance (PPI), according to the Telegraph.

Aviva has launched an adviser-facing awareness campaign to help IFAs emotionally engage with clients and their families while approaching the subject of protection.

The Financial Services Authority (FSA) has referred Catalyst Investment Group, the UK marketing and distribution agent for ARM Asset Backed Securities, to its enforcement and financial crime division, according to reports.

Italian authorities have arrested eight individuals believed to have been involved in hiding trillions of dollars of fake US bonds.

Shadow Chancellor Ed Balls has called for a series of tax cuts in next month's Budget which he says are needed to boost the UK economy.

People need to take ownership of financial planning as the average retirement age increases, says an AXA Wealth spokesman.