News

The FSA is unlikely to pursue plans to collect transactional data on advisory businesses from product providers, platforms and third party distributors via product sales data (PSD), the regulator suggested today.

Sesame Bankhall Group has promoted George Higginson from chief operating officer to chief executive officer, subject to approval by the Financial Services Authority.

Aegon has announced it will close its defined benefit (DB) pension scheme to future accrual for its employees from April 2013.

Standard Life has proposed to cut 95 members of staff from its UK customer service department.

Lifemark investors have forced a meeting to decide the fate of the troubled portfolio to be postponed while a potential rescue deal is hammered out.

More people have used professional advice when considering financial products than a year ago but the majority still do not see it as necessary, according to research.

Equity ETF inflows topped bond ETFs for a second week at the start of November but positive sentiment following the Eurozone deal disappeared as a turn in events left equity indices down.

John Duffield, the founder of New Star, will not be appearing in court during the case brought against his former company by Patrick Evershed, Investment Week, IFAonline's sister title, understands.

The Financial Services Authority (FSA) will press ahead with plans to force pension providers and advisers to reveal the effect of adviser charging on pension plans at the point of sale.

ETF cash flows showed a divergence of sentiment between the US and Europe in October, with the replication debate taking its toll on Europe, Deutsche Bank reports.