News

A ranking system for IFAs and planners is inevitable post-RDR, according to a number of leading industry figures.

Legislation capping pension charges for workers who have built up pension rights but switched jobs has been announced by pensions minister Steve Webb.

Standard & Poor's has delivered another blow to sentiment across Europe after cutting Spain's long-term credit rating by one notch, from AA to AA-.

Fidelity Worldwide Investment has appointed Mark Till as head of UK direct business as it looks to ramp up its activities in the execution-only market.

Critics of The Future of Financial Advice (FoFA) Bill - the Australian government's attempt to reform its retail investment distribution market - say it will decimate the nation's adviser numbers and orphan millions of clients, in a stirring echo of some...

Hedge fund billionaire Raj Rajaratnam has received the longest ever prision sentence for insider trading after he was jailed for 11 years in a landmark ruling in the US today.

Zimbabwean investment company Masawara, which is backed by Neil Woodford in the £18.6bn Invesco Perpetual income funds, has raised $50m towards its capital target since IPO last year.

The Financial Services Authority (FSA) and the US Securities and Exchange Commission (SEC) held joint talks today on how to tighten cross-Atlantic regulation and enforcement.

The FSA is to scrutinise the quality of advice given by firms who operate a 'centralised investment proposition' ahead of the implementation of the Retail Distribution Review (RDR).

The British economy needs "a shot of adrenaline" in the form of tax cuts in order to stimulate growth, according to a leading think tank.