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News

TCF

Standard Life cuts 95 customer service jobs

Standard Life has proposed to cut 95 members of staff from its UK customer service department.

clock 08 November 2011 •

Investment

Stay of execution for Lifemark as liquidation vote postponed

Lifemark investors have forced a meeting to decide the fate of the troubled portfolio to be postponed while a potential rescue deal is hammered out.

clock 08 November 2011 •

Adviser / Broking

Financial advice use grows - Defaqto

More people have used professional advice when considering financial products than a year ago but the majority still do not see it as necessary, according to research.

clock 08 November 2011 •

ETFs

ETF volumes remain weak as equities fall

Equity ETF inflows topped bond ETFs for a second week at the start of November but positive sentiment following the Eurozone deal disappeared as a turn in events left equity indices down.

clock 08 November 2011 •

Investment

John Duffield will not face Evershed in court

John Duffield, the founder of New Star, will not be appearing in court during the case brought against his former company by Patrick Evershed, Investment Week, IFAonline's sister title, understands.

clock 08 November 2011 •

Pensions

FSA: Personal pension charges must be clear at point-of-sale

The Financial Services Authority (FSA) will press ahead with plans to force pension providers and advisers to reveal the effect of adviser charging on pension plans at the point of sale.

clock 08 November 2011 •

ETFs

Replication debate takes its toll on ETF flows

ETF cash flows showed a divergence of sentiment between the US and Europe in October, with the replication debate taking its toll on Europe, Deutsche Bank reports.

clock 08 November 2011 •

Offshore Investment

Offshore boost to banking profits

Strategic success at Guernsey-based Clydesdale Bank International has contributed to underlying growth in profits. Clydesdale and Yorkshire Banks, owned by National Australia Bank Group, report results for their banking operations for the 12 months to...

clock 08 November 2011 •

RDR

FSA restarts SIPP disclosure consultation after industry pressure

The Financial Services Authority (FSA) will conduct another consultation into SIPP charge disclosure after an industry backlash.

clock 08 November 2011 •

Regulation

New complaint reporting rules to apply for pre-RDR advice

New rules requiring firms to submit complaints data on individual advisers must include any client grievance related to advice given before 31 December 2012, the FSA said today.

clock 08 November 2011 •
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