News

The US economy grew at 2.5% in the third quarter, a faster rate than previously estimated.

Overseas investment in UK financial services jumped by 2.6% in the first half of 2010, according to IMAS Corporate Advisers.

Despite the hegemony of the big three platforms there is still plenty of room for newer players to thrive, according to research house Fundscape.

Cash-strapped pensioners are turning to a life of crime to fund their golden years.

Aegon will axe 48 management staff at its Edinburgh headquarters, and three from elsewhere in the business, as part of its latest round of cost-cutting.

State Street Global Advisors has amended its pending Securities and Exchange Commission filing for actively managed ETFs to explicitly exclude the use of derivatives.

Nationwide has reported a 26% rise in profits after it saw impaired loans almost halve during the first half of 2010.

The RDR is not a 'panacea' for the investment market's problem but it is worth a third of IFAs leaving the industry, FSA chief executive Hector Sants has told ministers.

Succession has hit out at firms purchasing IFA businesses merely to increase funds under management, warning advisers themselves are hugely undervalued in the current climate.

A group of 13 opposition MPs have called on the government to delay switching to the CPI index for public sector pensions until further research has been conducted into pensioner spending.