News

Advisers think the FSA's independent and restricted labels are "wrong" but the majority will remain whole of market after 2013, recent findings suggest.

The protection sector has a "colossal opportunity" to expand after the Retail Distribution Review (RDR) but many IFAs lack protection knowledge and those that do have it do not use it, according to new research.

Nucleus has added a self-service option to its model portfolios, which gives advisers more control to create and rebalance investments.

PruHealth has changed its commission model to one that rewards long-term partnerships with brokers.

Bluefin Advisory Services is braced for a potential £1.2m compensation bill from clients unhappy with their mortgage, pensions and structured products advice.

The Investment Management Association (IMA) is to scrap the existing definitions and names of the Managed sectors, renaming them Managed A-C and introducing a new sector, Managed D.

The Commons Public Accounts Committee has questioned the validity of Treasury cost projections for public sector scheme changes, saying it did not fully test the impact of its assumptions.

Consultancy firm Clara Capital has launched a comparison site for alternative investments, Clara Compare, as a tool to help advisers meet the FSA's widened requirements for independence post-RDR.

The FTSE 100 has opened in positive territory as higher commodity prices and a strong overnight showing from Wall Street and Asia buoyed investors.

Business secretary Vince Cable has prompted a new confrontation with Chancellor George Osborne after warning Britain could face the "bomb" of a second financial emergency.