News

Axa Wealth reported new business rose 45% to £1.9bn in the first half of 2010, helped by its Elevate wrap and a hike in the sales of personal pensions and offshore bonds.

IFAs are set to be hit with a hike in professional indemnity insurance (PII) premiums as increasingly selective insurers respond to a sharp rise in claim values, warns Tenet.

Buckles is launching a new streamlined remote advice service in a bid to take financial advice to the mass market.

The FSA has confirmed the merger of Stroud & Swindon Building Society with Coventry Building Society.

BNY Mellon has launched a Dublin-domiciled version of James Harries' Newton Global Equity Higher Income fund - offering sterling, dollar and euro denominated share classes.

Hedge fund specialist Qbasis has received approval from the FSA to release its managed futures ETF in the UK.

Advisers are forecasting a 7.2% quarter-on-quarter spike in mortgage business during Q3 2010.

The FSA has fined members of the Royal Bank of Scotland Group (RBSG) £5.6m for failing to have adequate systems and controls in place to prevent breaches of UK financial sanctions.

Aviva has signed a five year deal to provide protection products for Santander from June 2011.

BlackRock veteran Bob Doll predicts the US stock market could achieve annualised returns of 8% over the next decade.