News

A group of 700 Keydata SLS investors will start a legal case against a string of global financial institutions in January, claiming they watched over a multi-million pound theft from the fund and did nothing while collecting huge fees.

An MP at the centre of this week's maiden parliamentary debate on the RDR has hinted advisers should not expect changes to the FSA's adviser charging rules, but says the regulator could "soften" its qualification requirements.

Modest investors who may be priced out of holistic financial advice post-2012 will need less of it anyway as they become auto-enroled into pension schemes, investment manager Vanguard says.

The European Central Bank has rebuffed calls for mass purchases of southern European bonds, despite growing pressure from Spain and Italy for dramatic action to buttress monetary union.

Deutsche Bank has launched ten more db x-trackers on the Bolsa de Madrid exchange, a week after the ETF provider's debut on the Spanish market.

IMA chief executive Richard Saunders has hit out at the FSA for inconsistencies in its RDR proposals, saying the regulator is ‘rolling the dice'.

The trustee trying to recover billions for the victims of Bernard Madoff yesterday sued JPMorgan for $6.4bn, claiming it was 'wilfully blind' to the giant fraud.

US markets closed 1% ahead yesterday on a buoyant day for global shares as fears around the European sovereign debt crisis eased.

England has missed out on hosting the 2018 World Cup, after FIFA awarded the prestigious prize to Russia.

True Potential has agreed a partnership with insurance giant Aviva to allow quotes and online applications for a wider range of the provider's products, including protection plans.