News

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.

The majority of advisers are pinning their hopes on the coalition government, rather than the FSA, to improve the financial services sector.

iShares has named David Gardner for the newly created role of head of sales for iShares EMEA.

The IMA has created a new China/Greater China sector and redefined its Global Growth category.

HSBC is planning to unveil swap-based ETFs next year to provide exposure to a greater range of asset classes.

Fund Intelligence is making its in-house investment research tool available to IFAs.

The FSA's consultation paper on the mortgage market review (MMR) does not go far enough to ensure consumers are provided with a full range of equity release options, the Society of Equity Release Advisers (SERA) says.