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Net retail sales fall 40% in 2011, IMA stats
The IMA has seen net retail sales fall 40 per cent to £18bn in 2011.
Most people have zero risk appetite, FSA finds
The majority of people have no risk appetite at all when it comes to investments, the latest research by the FSA shows.
Tenet: Set aside differences and back a trade body
Tenet says IFAs need to put aside some of their differences and show support for a single trade body if they are to have a united voice and lobby effectively.
Aberdeen to soft-close £2.7bn emerging markets fund
Aberdeen Asset Management is stemming flows into £9bn emerging markets fund range by asking IFAs to remove the funds from their buylists.
FSA shuts down sale and rent-back market
The FSA has today published a report that shows most sale-and-rent-back transactions were either unaffordable or unsuitable and never should have been sold.
FSA takes action against UBS over rogue trades
The FSA and the Swiss regulator Finma is to commence enforcement action against UBS over losses allegedly caused by rogue trader Kweku Adoboli.
Punter Southall acquires PSigma Asset Management
Punter Southall Group has taken 100% ownership of joint venture PSigma Asset Management.
Alliance Trust mulls target return bond
Alliance Trust is considering launching a target return bond fund and has dropped plans for a strategic bond fund.
Old Mutual builds up Euro banks
Old Mutual corporate bond manager Christine Johnson has added 6 per cent into European banks in the £550m Old Mutual corporate bond fund.
New regulator to tighten financial promotion rules
New regulatory powers will force financial services firms to make public instances where the regulator has intervened to stop a misleading promotion.
The Martin Wheatley effect
Head of the Financial Conduct Authority Martin Wheatley has every reason to be committed to the regulator’s more intensive style of supervision.
UK to enter recession in 2012, warns Niesr
The UK is set to enter recession in the first half of 2012, the National Institute of Economic and Social Research has warned.
Senior Tory presses for UK final say on Euro regulation
Peter Lilley is urging Michel Barnier to give the UK the final say on EU financial services regulation and directives.
Tech providers warn London Olympics could bring down internet services
Technology experts have warned advisers, providers and platforms to put contingency plans in place as internet services may be disrupted during the London Olympics.
Ardevora adds cheap info tech stocks to global equity
Ardevora partner Jeremy Lang has added 9 per cent in information technology stocks in the Ardevora global equity fund.
Tisa to work on restrictive covenants pact post-Towry case
The Tax Incentivised Savings Association will try to form an industry consensus on how restrictive covenants should apply in the financial services industry.
Providers says half of advisers set for restricted move
Around 50 per cent of advisers will move to a restricted model over the first three years of the RDR, according to Zurich and Partnership.
Advisers face £30m annual FSCS levy, plus possible £40m interim levy
Investment advisers face an annual FSCS levy of £33m, out of a total annual levy of £221m.
Webb: Auto-enrolment review will go ahead in 2017
Pensions minister Steve Webb says the review of auto-enrolment will go ahead in 2017 as planned and is likely to look at more than just restraints on Nest.
Court rejects Arch cru judicial review for a second time
Justice in Financial Services application for a judicial review of the Arch cru compensation package has been turned down for a second time.
