News

J.P. Morgan Asset Management has appointed Andy Lloyd as its senior institutional client adviser for the Nordic region, making him the first employee to be based at the firm's newly-established Danish branch in Copenhagen.

Advisers have given a cautious welcome to a new tool claiming to reveal and compare the amount of commission consumers are currently paying through their investments.

Jason Britton, formerly a fund manager at T. Bailey, has launched an investment management consultancy ahead of the retail distribution review (RDR).

Bond funds enjoyed a surge in popularity among execution-only clients in the final quarter of last year, according to platform Cofunds' latest sales figures.

An investigation into the quality of free equity release advice available through some intermediaries - including IFAs - has uncovered examples of what it deemed poor practice.

FSA rules around legacy assets are "unclear" and "incomplete" and could result in less transparency for consumers, according to the Investment Management Association (IMA).

The Financial Services Consumer Panel has called for the new Financial Conduct Authority (FCA) to be given full responsibility for the regulation of retail financial services, including consumer credit.

Bank of England governor Mervyn King has urged investors and public authorities to pay less attention to ratings agencies, which he said have often "rushed" to downgrade.

The Bank of England has proposed setting up an internal oversight committee to monitor and assess the processes employed in making financial stability policy decisions.

Protection complaints continued to rise during the year and have already breached last year's totals in some product areas.