News

Syndicate Asset Management has promoted Jeremy Rance to the group's operational management team as group chief operating officer.

Intelligent Pensions (IP) is offering non-advisory ‘lay advocate' roles to IFAs considering exiting the industry due to the pressure of the RDR.

A company director has been fined £25,000 and banned from working in financial services for his part in a £2m insurance fraud scheme.

Two mortgage brokers are among six firms that have had their permissions cancelled by the FSA after failing to submit their Retail Mediation Activities Returns (RMAR).

David Cameron has criticised banks and building societies for being too cautious with their mortgage lending and preventing the housing market from progressing.

Peter Cullum, founder of insurance broker and financial planner Towergate Financial, is reportedly on the verge of sealing a £200m cash injection from Advent International.

ETFs on STOXX Europe 600 sectors have seen aggregate outflows of $120m in 2010, according to BlackRock's final report of the year.

Merchant House is looking to become a market leader in the IFA space after acquiring assets and advisers from Clarkson Hill and is currently holding acquisition talks with another IFA firm.

IFAs have been told they must make significant changes to their businesses over the next 12 months if they want to be prepared for RDR.

Inheritance Tax (IHT) is unpopular and ineffective and should be replaced with a new capital receipts tax, the Institute for Public Policy Research (IPPR) says.