News

Bristol-based advice firm Sovereign IFA is buying up the business of small IFAs who are looking to exit the industry as the RDR comes into full effect.

Goldman Sachs Asset Management has acquired Benchmark Asset Management, the biggest ETF provider in India and issuer of the largest Gold index fund in the country.

The UK's economic recovery slowed in the second half of last year and will remain 'subdued' throughout 2011, the Organisation for Economic Co-operation and Development (OECD) predicts.

The Organisation for Economic Co-operation and Development (OECD) today recommends the UK government further increases the state pension age (SPA) to combat rising costs.

The government is proposing to merge the Office of Fair Trading (OFT) with the Competition Commission to create a single Competition and Markets Authority (CMA).

Mint Financial is about to settle a £2.6m compensation bill for giving poor advice on Integrity Maximiser geared traded endowment policies (GTEPs), IFAonline understands.

Aegon yesterday bought €750m of securities from the Dutch government.

Chris Taylor, manager of the Neptune Japan Opportunities fund, has warned Japan may face downgrades to its credit rating and see its currency weaken after last week's earthquake.

A House of Lords committee yesterday dropped an amendment to the Pensions Bill that would have created protection for transgender people against unfair state pension calculations.

Active manager SCM Private has brought its ETF portfolios onto independent platform Ascentric, making them available to IFAs and retail investors.