News

The former global head of distribution at Gartmore, Phil Wagstaff, is set to join Skandia Investment Group (SIG) as CEO, Investment Week, IFAonline's sister title, understands.

The chairman of the Financial Services Authority (FSA) has suggested Parliament will have to give the Financial Conduct Authority (FCA), one of its successor bodies, even greater powers to protect consumers.

The government is set to take action over companies offering cash incentives to leave defined benefit (DB) pension schemes.

BlackRock reports disappointing third quarter US ETF inflows but strong gains overall, despite a slowdown in activity in August and September.

SPDR ETF, the exchange-traded funds platform of State Street Global Advisors (SSgA), has launched two new ETFs on the London Stock Exchange.

Axa PPP International has added a marine option for group and individual subscribers to its Standard, Prestige and Comprehensive International Healthcare Plans for people living abroad.

Historically low gilt yields have driven down the incomes available via annuities or drawdown by almost a quarter, Skandia said.

The Treasury is warming to the idea of developing 'simple' products which advisers would then be required to use as benchmarks for their recommendations.

The draft Markets in Financial Instruments Directive II (MiFID II) published today limits the ban on receiving commission payments from product providers to independent financial advisers.

A large Manchester law firm is seeking to bring professional negligence claims against IFAs who invested clients in the Arch cru fund range, following Treasury Secretary Mark Hoban's refusal yesterday to launch a government inquiry into Capita's role....