News

Changes to the ISA allowance will cause a surge in business levels for the next tax year, with investments into equity funds set to soar.

The FSA has ordered RSM Tenon Financial Services to undertake a review of its pension switching business going back almost four years amid concerns about the suitability of advice.

Tax-relief restrictions should be scrapped and the government must issue more long-dated and index-linked gilts, the National Association of Pension Funds (NAPF) says.

Electronic communication between IFAs and their clients is set to surge over the next year, say advisers.

Financial services group Honister Capital has moved into profit after just three months of trading following strong showings from advisory businesses it acquired last year.

Jupiter's Merlin multi-manager range has built up a 9% market share of the growing UK fund of funds space with close to £4bn under management.

TCF Fund Managers has hired David Somers as an independent member in its investment committee.

Cofunds CEO Brett Williams says the platform is evolving to offer all the features of a ‘wrap', despite the fact many advisers are happy with a simpler model.

RSM Tenon Financial Services has been fined £700,000 by the FSA for its poor sales and advice processes relating to Lehman-backed structured products.

Royal Bank of Scotland shares jumped 6.8% in early trading after the bank reported smaller-than-expected annual losses of £3.6bn.