News

Legal & General's with-profits fund returned 1.7% in 2011 in a year which saw total bonuses of £459m added to with-profits policies.

Three of the country's largest pension schemes are in talks to join a lawsuit against Lloyds TSB directors for allegedly misleading investors over the Halifax Bank of Scotland (HBOS) merger.

James Hay and Fidelity have been ordered to pay Sir Peter Gershon more than £26,000 in total in compensation after they delayed his investment by several months due to a lost cheque.

The Investment Funds Association has merged with the Tax Incentivised Savings Association (TISA) in a move aimed at boosting TISA's distributor influenced funds (DIFs) initiative.

The eurozone crisis presents the biggest challenge to the UK economy which will likely follow a "zig zag" pattern of uncertain growth, said the governor of the Bank of England yesterday.

New powers mean that the DFSA may now appoint inspectors to investigate the affairs of companies and partnerships and to pursue enforcement remedies.

Greek finance minister Evangelos Venizelos accused European leaders of "playing with fire" by trying to oust the beleaguered country from the eurozone amid fears they want to delay releasing the €130bn (£108bn) bail-out until after Greek elections in...

Fund administrator Vistra has announced the opening of its new operation in Hong Kong, Vistra Fund Services Asia.

Nucleus is launching a white label, execution-only platform in Q3 which will help advisers build and market a direct wrap proposition for clients.

Platform sales on Axa Wealth's wrap proposition Elevate rose 75% in 2011 to £1.3bn, bringing total platform assets under administration to £3.5bn.