News

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.

The Federal Reserve last night cut its growth forecast for the US and warned inflation is higher than expected, while hinting QE2 is on track to finish in June as planned.

Andrew Dalton, who founded and was managing partner and chief investment officer of Dalton Strategic Partnership, has died after suffering a heart attack.