News

The banning of commission from 2012 will lead to adverse cost impacts for three quarters of employers, Jelf Employee Benefits (JEB) warns.

A group of 700 investors who lost millions in Keydata backer SLS Capital are sending their IFAs to meet lawyers raising a case against the fund's supervisors.

HSBC has appointed a new chief executive officer of insurance for its UK operation.

An IFA has expressed concerns the closure of Macquarie's wrap platform could affect his relationship with new clients.

Employee benefit consultancy Jardine Lloyd Thompson (JLT) has unveiled a new wealth management offering merging its existing services with those of latest acquisition iimia Wealth Management.

Neil Bridge, Schroders' head of UK retail sales, is leaving the firm at the end of December after more than 21 years.

The FSA plans to publish a separate consultation paper on how platforms should disclose their charging structures, including fund manager rebates, on top of its second consultation document in February.

Execution-only platforms, such as Hargreaves Lansdown's Vantage, could be subject to the same disclosure terms as those platforms conducting adviser business, the FSA says.

The Bank of England's nine-member Monetary Policy Committee (MPC) was split three ways over the direction of monetary policy at their November meeting, according to minutes of the gathering.

The FSA will allow platforms to facilitate the collection of adviser charges, but says this must be done to the same standard as product providers.