News

Specialist funds proved to be the most profitable for investors over the course of a volatile 2009, with 12 of the top 20 performing vehicles coming from the diverse sector.

The AIC has appointed Ian Sayers as director general after he held the role of acting head of the organisation since the departure of Daniel Godfrey at the end of July.

Standard & Poor's has awarded four HSBC Global Asset Management tracker funds an AAA rating, including the recently merged American Index portfolio.

A financial adviser has had a £50,000 FSA fine increased to £75,000 after the regulator discovered he had repeatedly lied during its investigations.

The Serious Fraud Office (SFO) has launched a criminal investigation into failed Icelandic bank Kaupthing.

The FSA has hit bank Toronto Dominion's London branch with a £7m fine for repeated failings, the fourth highest fine on record.

IFAs are losing interest in retirement savings products as more flexible alternatives become increasingly important, according to Defaqto.

Tax changes aimed at the wealthy in the UK and due to take effect from April 6, 2011 are likely to make a significant impact on pension provision.

An adviser has labelled the Financial Ombudsman Service a threat to active fund management after being forced into passive funds following ‘frivolous' performance-based complaints.

Railpen Investments, which manages some £17bn in UK railways pension schemes - has challenged its asset managers, investment advisers and actuaries to prove they are prepared for the long term economic shift necessitated by climate change.