News

The European Fund and Asset Management Association (EFAMA) says the economic cost of a financial transactions tax would, in practice, be borne by end consumers throughout Europe including individual savers and those participating in pension plans.

Standard Bank has appointed Seán Flanagan as Head of Compliance to develop and deliver the compliance capabilities of its its operations in Jersey, the Isle of Man and Mauritius.

www.letstalkgrouprisk.co.uk has been launched in response to increased interest from advisers in group risk issues.

Administering auto-enrolment is an "absolute nightmare" for large employers, according to Marks & Spencer.

The Financial Services Authority (FSA) has appointed the group finance director of Rathbones to a non-executive role on board of the Financial Services Compensation Scheme (FSCS).

Ashcourt Rowan has been given the go-ahead for a potential £8.5m capital injection after a share placing was approved at its annual general meeting today.

Advisers should consider the ownership of a platform when doing their due diligence as foreign-owned platforms are historically more likely to pull out of the market, according to Ascentric managing director Hugo Thorman.

MPs campaigning for better compensation for Arch Cru investors will try to broker a blanket deal on redress to avoid the Financial Ombudsman Service being flooded with claims against IFAs.

Sanlam Private Wealth has written to lawyers for the Financial Services Compensation Scheme to dispute their claims that it gave negligent advice on Keydata products, saying it has never advised on the investments.

The government's decision to switch from RPI to CPI to calculate annual public sector pension upgrades has been ruled lawful in the High Court.