News

Incapital Europe is targeting the tax year end and ISA season with a quartet of structured investment plans.

The FSA must close a ‘liquid­ation loophole' which many advisers use to shuffle the cost of complaints onto the industry-at-large via the FSCS, according to a claims management firm.

Barry O'Dwyer, Prudential UK deputy CEO, said he expects the post-RDR mass market advice gap to be filled by online personalised recommendations, like those used by web retailer Amazon.

Fidelity has plans to cap its newly launched UK Opportunities fund at around £250m to enable manager Alex Wright to continue to manage the portfolio effectively.

Lloyds Banking Group, the UK's largest bank, said its customer complaints rose by 14% in the second half of 2010.

Canada Life has unveiled a range of technology developments to be released over the next six weeks.

RDR critic Alan Lakey has likened revising for more exams at his age to carrying out community service.

Verena Ross, international director of the FSA, has been nominated by the 27 EU member states to be the first head of the European Securities and Markets Authority (ESMA).

Occupational pension scheme members have attacked the switch in indexing benefits to CPI inflation as a Treasury cost-saving exercise aimed at benefitting business over pensioners.

They are well off and willing to spend, but until now have remained beyond the reach of most advisers, says Principal Investment Management.