News

The regulator says it will not implement AIFA's call for a "major overhaul" of adviser levies until further consultation, which will not see any changes introduced until 2011/12.

Exchange-traded product provider Source has seen total assets in its exchange-traded commodities (ETC) range surpass the €500m mark in the year since launch.

The FSA's proposed ban on fund manager rebates will "strike at the heart" of the platform pricing model and create an unlevel playing field, warns Tisa.

HM Revenue & Customs (HMRC) accidentally sent out other people's private details, including bank account data, to thousands of customers.

Global equity markets rallied yesterday as China denied reports it was reviewing its eurozone investments, with markets on both sides of the Atlantic climbing over 3%.

Swip head of international equities Michael McNaught-Davis believes the possibility of slipping back into a global bear market has increased to 40% in recent weeks.

Prudential has confirmed it is in discussions with AIG over altering the terms of its controversial £24.5bn proposed takeover of AIA.

Collins Stewart's head of fund sales Michael Brown has left the firm to become a financial adviser.

Zurich has launched an IFA Advisory Panel in a bid to gain greater insight and understanding of the key concerns of the IFA market.

The Dow Jones has rebounded from yesterday's sharp fall as positive news emanating from China and Spain outweighed disappointing US economic figures.