News

Advisory firms are being encouraged to sign up now to the FSA's Online Notifications and Applications tool to vary authorisation permissions or qualify as an approved person.

Advisers are being discouraged from charging separately for advising and arranging in a bid to avoid confusion over VAT, as it will lead to higher costs for consumers.

Schroders CIO Alan Brown has urged investors to undertake a major rethink of their traditional asset allocation models after the credit crunch exposed the dangers of static portfolio construction.

Medicals Direct has denied criticism that its purchase of Medibureau has damaged the industry and its reputation with doctors who produce GP reports (GPRs).

Paradigm Partners has reported an operating profit of £519,000 for the year ending 31 March 2010 - marking the IFA support business's first year of profitability.

Legal & General's shares have gained 3% to reach a near two-year high on rumours Swiss insurer Zurich Financial is preparing a takeover bid.

An elderly couple caught up in the Keydata collapse have become the first Norwich and Peterborough (N&P) customers to successfully claim the building society mis-sold products, exposing them to "inappropriate risk".

Businesses in the UK are becoming increasingly confident about sales and profitability, driven by foreign markets, according to research by Lloyds TSB Commercial.

Skandia has handed three fixed interest mandates within its multi-manager funds from Threadneedle to Nordea.

The FSA has delayed the long-awaited publication of its platform consultation paper owing to intense lobbying from some of the industry's largest players.