News

A growing number of businesses are being forced by the Financial Ombudsman to pay out compensation for treating customers poorly.

IFAs must not allow clients in drawdown to fall foul of new tax rules surrounding death benefits, said Andrew Tully, retirement income technical manager at MGM Advantage.

Assureweb has decommissioned its private medical insurance (PMI) quoting system with a view to introducing an upgraded portal in the future.

Advisers could be hit with a further compensation bill for Keydata as the FSCS says it has not ruled out another levy linked to the failed investment firm.

Barclays Capital has launched a suite of commodity exchange-traded notes (ETNs) in the US, which aim to mitigate the disproportionate effects of supply and demand on commodity performance.

Bestinvest has launched its range of model portfolios on Ascentric in a move which allows the firm to offer several of its discretionary solutions to IFA partners.

Gold advanced to a record after the Federal Reserve pledged to keep interest rates near zero to bolster the recovery, weakening the dollar and boosting demand for precious metals as a store of value.

IFAs have called for debt management to be regulated on a par with advice, after a series of firm failures which they say damage the reputation of the wider financial services industry.

Asian markets rallied overnight after the Federal Reserve indicated it will not hike interest rates.

Standard Life Investments (SLI) has exited the money market funds sector, citing the "substantial" regulatory and capital burden upon the vehicles.