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Platform sales sink to two-year low

Economic uncertainty has weighed on platform sales, with gross sales in the third quarter dropping to their lowest level in two years, according to Fundscape. Fundscape’s latest platform report shows in Q3 gross sales fell to £21bn, the lowest level since Q3 2014. Net sales plummeted to £8.6bn, the lowest volume of sales since RDR, […]

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FCA wants risk warnings on Lifetime Isas

The FCA wants savers into Lifetime Isas to receive risk warnings about penalty charges and opting out of auto-enrolment amid concerns about how the product will work in practice. The regulator has published a consultation paper today on the rules governing the promotion and distribution of Lifetime Isas, which are due to launch in April. […]

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Carney: Globalisation ‘has not raised all boats’

Advanced economies must redistribute income if globalisation is to be a success, Bank of England governor Mark Carney has said. In a speech at Liverpool John Moores University, Carney calls on governments to target “inclusive growth” that would see more people benefit from globalisation. Carney says: “To address the deeper causes of weak growth, higher […]

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