This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.


Cameron: UK will not pay 'unacceptable' £1.7bn EU bill

24 October 2014 3:21 pm | By Sam Macdonald

Prime Minister David Cameron has insisted the UK will not pay the £1.7bn demanded by the European Union by next month.


SLI to close Ignis China fund

24 October 2014 8:58 am | By Sam Macdonald

The Sicav is managed by Magdalene Miller and has a four star FE rating.

Kellard Mike Axa Wealth 2014

Axa Wealth assets hit £27bn as platform AUA jumps 28%

24 October 2014 8:47 am | By Michael Berry

Axa Wealth grew its assets under management by 10 per cent to £27bn in the year to 30 September.


Morningstar: Investment trust monthly reports increase four-fold

23 October 2014 4:24 pm | By Sam Macdonald

The number of investment trusts reporting portfolio holdings on a monthly basis has more than quadrupled to 122 over the last two years.


Should the MAS be scrapped? Jackie Spencer and Martin Bamford go head-to-head

23 October 2014 1:37 pm

This week’s Money Marketing cover story focuses on the future of the Money Advice Service.

Comments (11)


Old Mutual Property fund to merge into Henderson UK Property

23 October 2014 10:38 am | By Sam Macdonald

Old Mutual is looking to merge its £437m Old Mutual Property fund into the £2.25bn Henderson UK Property fund.


FCA seeks to ban and fine adviser £290k for 'lack of integrity'

23 October 2014 10:19 am | By Samuel Dale

Paul Reynolds is accused of not being a fit and proper person to be a regulated adviser.

Comments (11)

MAS cover 620x450.jpg

Fading away: Is the MAS being erased from Treasury thinking?

23 October 2014 8:30 am | By Samuel Dale

Now the Treasury has excluded the Money Advice Service from its pensions guidance plans, is there any point in the quango carrying on?

Comments (14)

Andrew Tyrie

TSC presses Govt to abolish approved persons regime for advisers

23 October 2014 8:00 am | By Samuel Dale

The FCA says it would have preferred to extend the scheme to all regulated firms.

Comments (1)


Apfa reports 75% fall in annual surplus to £29k

22 October 2014 5:03 pm | By Tessa Norman

Trade body says it is pleased with financial performance in a ‘challenging climate’. 

Comments (6)


ASA acts against IFA leads firm over unwanted texts

22 October 2014 12:30 pm | By Samuel Dale

Lead generation firm TAB Finance has been asked to stop communications 19 times this year.

Comments (2)


Premier hires ex-Barclays Wealth director and opens South West office

22 October 2014 12:20 pm | By Sam Macdonald

Premier has hired ex-Barclays Wealth director Paul Freeman and his former team of six wealth managers to launch a South West office.


FSCS pays out £21m for failed network Alpha 2 Omega

22 October 2014 10:33 am | By Tessa Norman

Network was placed into administration in 2010 after regulatory action. 


Police investigate advice firm over investment fraud

22 October 2014 8:48 am | By Devraj Ray

Aberdeen-based Midas Financial Solutions is being investigated for offering unregulated short-term investments.

Comments (4)

West Africa

OMGI to launch Pan African fund

21 October 2014 8:29 am | By Adam Lewis

Hywel George, the director of investments, at the Old Mutual Investment Group, says it is the first time the group has launched an African fund to a global audience.


TSC chair Andrew Tyrie demands answers over BoE technical glitch

20 October 2014 5:19 pm | By Samuel Dale

The Bank of England shut down its system to transfer funds between banks in real time earlier today.

Comments (1)


FTSE 250 dividend growth outpaces FTSE 100 in 'stagnant' Q3

20 October 2014 3:48 pm | By Sam Macdonald

Payouts were up just 0.2 per cent year on year whilst underlying dividends declined by 2.9 per cent.


Life expectancy 'useless' for financial planning, advisers warned

20 October 2014 9:30 am | By Tessa Norman

Advisers must effectively manage risk of clients outliving average life expectancy. 

Comments (17)


Cofunds launches self-direct Sipp product

17 October 2014 12:51 pm | By Sam Macdonald

The platform says the move has been made to offer its self-directed intermediaries a Sipp product.


Jobs at risk at Gallagher Employee Benefits after Oval deal

17 October 2014 12:35 pm | By Tessa Norman

Gallagher is centralising operations following its £199m acquisition of Oval in April.

Comments (2)


PosSol ordered to repay commissions for lack of ongoing service

17 October 2014 9:30 am | By Samuel Dale

In August HSBC had to repay trail commission in full for not providing an ongoing service.

Comments (16)

Cover 700 x 450

Exit blocked? Providers shun 'insistent' DB transfers amid regulatory fears

17 October 2014 8:30 am | By Sam Brodbeck

Some people will find their paths to George Osborne’s pension freedoms blocked by providers unwilling to take on DB transfers.

Comments (2)


HSBC reviews trail commission payments after FOS ruling

16 October 2014 4:08 pm | By Samuel Dale

The Financial Ombudsman Service ordered the bank to repay trail commission to a client.

Comments (1)


Gallagher UK retail chief exits after Oval deal

16 October 2014 4:07 pm | By Tessa Norman

Former Oval chief executive Peter Blanc leaves Gallagher. 


Half of retirees have no plan for pension freedoms

16 October 2014 2:09 pm | By Samuel Dale

One-third of those surveyed will use a regulated adviser to access new freedoms.

Cover 700 x 450

Are advisers dressing up advised sales as execution-only?

16 October 2014 9:35 am | By Tessa Norman

Rise in non-advised sales has reignited concerns over the blurred line between advice and non-advice

Comments (9)


Rathbones AUM and revenues boosted by Jupiter deal

16 October 2014 8:32 am | By Pamela Morris

Funds under management at Jupiter increased by 10 per cent in the third quarter while net revenues jumped 13.4 per cent.


Schroders to re-open Marriage's Dynamic Smaller Co's fund

15 October 2014 9:05 am | By Sam Macdonald

 The latest data shows assets in the fund dropped to £740.3m at the end of September this year.


Apfa calls on advisers to lobby MPs over guidance levy

15 October 2014 8:49 am | By Tessa Norman

Advisers urged to write to MPs over “disproportionate” cost of guidance. 

Comments (7)


China inflation drops to 1.6% in September

15 October 2014 8:34 am | By Pamela Morris

Inflation in the Chinese economy came close to a five-year low but economists remain unconcerned about deflation risks.


UK inflation falls to 1.2% in September

14 October 2014 9:41 am | By Sam Macdonald

The ONS says the fall in the Consumer Prices Index was driven by dips in transport costs and a range of recreational goods prices.

Comments (3)

Peter Hargreaves 700x450

Hargreaves warns low interest rates and deposit restrictions hit margins

14 October 2014 8:49 am | By Sam Macdonald

Hargreaves Lansdown has warned that continued low interest rates and the prevention of platforms to offer fixed term deposits is having a continued affect on revenues.


Redemptions push Ashmore AUM down 4.9% to $71.3bn

14 October 2014 8:34 am | By Pamela Morris

The group saw net outflows of $300m over the three months from July to September.


Caerus reports £667k pre-tax loss after Paradigm deal

13 October 2014 11:09 am | By Tessa Norman

Network pushed into loss following acquisition of Paradigm Financial Advisers. 

Cover pic

Caught in a trap? Advisers warned over auto-enrolment compliance risks

10 October 2014 8:30 am | By Sam Brodbeck

Auto-enrolment brings great opportunities, but advisers could be in danger of getting in over their heads.

Comments (4)


IFP ethics chair warns over moral code breaches

9 October 2014 11:26 am | By Tessa Norman

IFP members ‘failing to apply code of ethics to social media use’. 

Comments (1)


Old Mutual Wealth axes platform drawdown charge and minimum investment fees

9 October 2014 10:00 am | By Sam Macdonald

The changes will come in on 1 January.

Comments (1)


Hargreaves could cut Wealth 150 to 50 funds

9 October 2014 9:57 am | By Sam Macdonald

Hargreaves Lansdown head of investment research Mark Dampier cites lack of good quality funds and fund managers.


Origen reports £5.6m loss as restricted costs hit

8 October 2014 3:56 pm | By Tom Selby

Origen Financial Services has reported a pre-tax loss of £5.6m for 2013.

Comments (1)


IFP aims to boost members by 50% by 2016

8 October 2014 9:15 am | By Tessa Norman

IFP chief Steve Gazzard says body is targeting at least 3,000 members by 2016. 

Fund Data

Editor's Pick


Do you think Citizens Advice is capable of delivering a good at-retirement guidance service?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments