News

Three firms have joined wealth manager and consolidator Succession Advisory Services, bringing with them funds under management totalling £175m.

Bupa has raised medical underwriting limits on its life and critical illness plans.

Skandia says subjective fund labels such as Cautious Managed can be misleading and is backing a European-wide standardised risk score to help consumers better understand their investments.

ETF Securities has seen flows into its All Commodities ETC so far this year outstrip those into any of its other commodity securities.

Bright Grey has extended the definitions of three critical illnesses it covers.

The FSA has reiterated qualifications gap-fill should be structured CPD, but it says reading 'suitable material' is acceptable where it is not available for specific knowledge gaps.

The Institute of Financial Planning (IFP) has confirmed it will apply to become an accredited body under the FSA's new professionalism regime, and hopes to start confirming advisers' status in early 2012.

Kaupthing approved loans worth €2bn (£1.69bn) for Alisher Usmanov, the billionaire behind Arsenal FC, less than two weeks before the Icelandic bank went bust.

Tax bosses are facing an inquiry into how they strike deals with multinationals following accusations that Vodafone was let off a £6bn bill.

Close Asset Management made a small loss in the five months to 31 December, due in part to the £17m acquisition of IFA Chartwell Group last year.