News

The Retail Distribution Review (RDR) will not change independent financial advisers'(IFAs) reluctance to use ETFs because they do not fully understand how they work, says the head of an industry body for advisers.

Industry reaction to ex-IFA Ivan Massow's latest venture, which aims to divert 'unfair' ongoing commission payments from advisers to consumers, veers from disdain to disbelief.

Fund groups have applauded Morningstar's move to scrap its absolute return sector in favour of 18 different alternative investment categories, calling on the IMA to consider a similar move.

UK managers including Lindsell Train founder Nick Train have labelled Hargreaves Lansdown a "definite buy" with enormous growth potential, after the group beat analysts' expectations last week.

Specialist lender Aldermore has launched a 100% LTV Guarantor mortgage to help "disenfranchised" first-time buyers get on the housing ladder.

Isle of Man-based Royal London 360° sees growing popularity in single premium bonds and UK offshore wrap partnerships

The latest figures from the European Fund and Asset Management Association (EFAMA)record net outflows of EUR30bn from money market funds, but increased interest in balanced and bond funds.

The news this week is truly holistic, with stories on tax, investment, savings, pensions and income protection all likely to get clients reaching for your phone number.

Whilst the president of the European Commission remains upbeat on Europe's economic credentials, the IMF warns of a worrying global downward spiral and RBS faces the prospect of a billion-dollar damages bill. We round up today's papers for you.

The Independent Commission on Banking (ICB)'s plans to ring-fence will have a very limited impact on the UK's economic output, according to Ernst & Young.