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News

Investment

Buffett second in US rich list with $45bn fortune

Legendary investor and Berkshire Hathaway CEO Warren Buffett has kept his place as the US's second wealthiest person according to Forbes magazine.

clock 23 September 2010 •

Your profession

L&G: 'Restricted' will be major growth area

Advisers will always be core to Legal & General's (L&G) business but the restricted space is where it expects large future growth, according to the group's executive director for savings.

clock 23 September 2010 •

Equities

Advisers offered equity stake in low-cost asset manager

A new asset manager is offering advisers an equity stake in the business as it launches a range of RDR-compliant risk-rated funds.

clock 23 September 2010 •

Individual

Leadbay unveils PMI lead service

Following a successful trial lead provider Leadbay has launched a service for private medical insurance (PMI) leads.

clock 22 September 2010 •

Group Protection

Protection unlikely to join NEST

Protection is unlikely to join the national employment savings trust (NEST) project following a meeting between Government representatives and counterparts from the group risk industry.

clock 22 September 2010 •

Your profession

IFP and PFS Conferences: All the 2010 award winners

Former SimplyBiz managing director Ian Thorneycroft was posthumously awarded a 'significant contribution' gong at the Personal Finance Society (PFS) annual conference this week.

clock 22 September 2010 •

Wrap/platforms

Ascentric still waiting on £50m of Towry assets

Ascentric is continuing to wait for the transfer of £50m of Towry assets belonging to former Edward Jones clients as the FSA starts looking into the ongoing debacle.

clock 22 September 2010 •

Economics / Markets

Fidelity allays double-dip fears

Fidelity has dismissed fears of a double-dip and has urged investors to look beyond scare-mongering headlines and place economic figures in context.

clock 22 September 2010 •

Regulation

EU financial watchdogs get green light

The European Parliament has ratified the creation of a new framework for financial institutions designed to prevent a recurrence of the financial crisis.

clock 22 September 2010 •

Your profession

A2O put in default by FSCS

Alpha to Omega (A2O), the failed adviser network, has been put into default by the Financial Services Compensation Scheme(FSCS).

clock 22 September 2010 •
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