News

The FSA is being warned to be "especially aware" of firms operating in the restricted advice space using ‘weasel words' to hide their limitations and pass themselves off as independent practitioners.

Aegon has let go four members of its European equity team as part of a restructure which will also see the departure of the group's sales and marketing director Jon Bennett.

European markets have broadly continued gaining on Wednesday's highs, following encouraging US earnings and the resulting strength in US markets.

Growing numbers of people are postponing their retirement in the recession and working past state retirement age, according to Watson Wyatt.

Paraplanners should no longer be the preserve of the mid-to-large sized IFAs and would be a good investment for even one-man practitioners, the newly-crowned paraplanner of the year says.

Private bank and wealth manager Kleinwort Benson has been sold by Commerzbank to Brussels-based RHJ International for £225m in cash.

The Government will not underwrite Lloyds Banking Group's planned rights issue, potentially compounding the challenge for the partly state-owned bank to raise enough capital to wriggle free of the toxic asset insurance programme.

Standard Life International is launching an online facility for its International Bond on AdviserZone, which will allow quick trades to be made on funds held within the wrapper.

Rathbones is in discussions with Lloyds over the sale of the banking giant's non-core private client discretionary management activities.

A petition calling on the Government to introduce personal finance lessons in schools has been launched by LifeSearch.