News

The UK's largest adviser network has come out strongly in support of an unbundled charging structure for platforms - but warns providing too much information to consumers will be "counter-productive".

The European Union yesterday pledged to go it alone with a banking levy amid continuing disagreements over agreeing a worldwide plan.

NatWest Intermediary Solutions is the latest lender to announce job cuts.

Fidelity and LGIM, both large shareholders in Prudential, are among a number of asset managers set for showdown talks with the insurer's directors next week.

Northern Rock has announced plans to shed 650 jobs by the end of the year.

B&CE Benefit Schemes has improved its employee healthcare plan to include employer services and cognitive behavioural therapy (CBT).

The potential for ETFs to be used in dynamic asset allocation in precisely defined market segments or styles has not yet been fully exploited, according to the Edhec-Risk Institute.

A deceitful adviser lost insurer Scottish Provident £70,000 in commissions by submitting fraudulent life insurance applications over a period of almost three years.

UK stocks and sterling tumbled this morning after Fitch labelled Britain's fiscal challenge "formidable".

The FSA has charged a former stockbroker with offences including conspiring to defraud investors and money laundering.