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News

Your profession

Collins Stewart acquires wealth manager Andersen Charnley

Collins Stewart has acquired Surrey-based IFA and private client wealth manager Andersen Charnley for an initial £5m.

clock 17 June 2010 •

Investment

BP scraps dividends for rest of year

BP will not pay dividends for the remainder of the year as it has to put $20bn (£13.5bn) in a compensation fund for victims of the Gulf oil spill.

clock 17 June 2010 •

Your profession

FSA break-up by 2012 hits RDR transition; Sants to stay on

The new Government has announced plans for a total shake-up of finanical services regulation to conclude in 2012, which is also the deadline for IFAs to meet RDR requirements.

clock 16 June 2010 •

Wrap/platforms

Platform comparison tool promises to end rebate debate

Developers of a new platform comparison service claim it will render the debate on rebates "academic" and increase market competition.

clock 16 June 2010 •

Your profession

Unemployment data shows UK economy still 'sick'

Fidelity's Tom Stevenson discusses the ‘distressing' element of today's unemployment figures and why the Chancellor is walking a tightrope ahead of the Budget.

clock 16 June 2010 •

Your profession

FSCP urges Budget focus on mortgages and later life products

Chancellor George Osborne should focus on fixing mortgages, banking and the later life market, the Financial Services Consumer Panel (FSCP) says.

clock 16 June 2010 •

Mortgages

Quarter chose fixed rate mortgages in May

A total of 26% of borrowers took a fixed rate mortgage in May, which is the highest level since October 2009.

clock 16 June 2010 •

Your profession

Cummings' exit: industry reaction

Advisers and industry leaders have expressed surprise over news Chris Cummings is to step down as director general of AIFA, as well as mixed reviews of his tenure.

clock 16 June 2010 •

UK

Cofunds urges 'united action' as FSA platform response delayed

Cofunds believes there is still time to influence the FSA and prevent a proposed ban on fund manager rebates and bundled charges as the regulator's response to the discussion paper is set to be delayed until September.

clock 16 June 2010 •

Your profession

Who should replace Cummings as AIFA director general?

Chris Cummings is to leave the trade association in August, but who would you like to see as his replacement?

clock 16 June 2010 •
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