News

Net inflows of £5.1bn have surged into funds of funds over the first three quarters of 2010, higher than any other annual sales level.

AIFA has announced a new series of events to be held in the north of England, updating advisers on the latest regulatory issues.

Software provider Focus Solutions, whose major clients include Tenet Group and AWD Chase de Vere, is in preliminary discussions over a possible takeover of the company.

Alun Beynon, the head of Aegon's individual protection business, will step down from December.

Lloyds Banking Group has announced it is to close Black Horse Personal Finance with the loss of 420 jobs.

The government will publish a formal response to its consultations on the Finance Bill 2011, including details on new pension annuitisation rules, on 9 December.

Government austerity measures may have to be rethought if the recovery slows, the International Monetary Fund (IMF) has warned.

M&G recorded a market-leading £1.74bn net retail inflow in the third quarter, 5% more than the equivalent period in 2009.

RSM Tenon Group says recent changes in pensions legislation have created new opportunities for its advisory businesses and will have a "major influence" on revenue in the second half of 2010.

The Share Centre is offering 'free' investment advice and a contribution toward any transfer charges to thousands of smaller clients offloaded by Towry.