The FSA has heavily criticised the building society sector for its failings in the run up to and during the credit crunch.
Threesixty has warned that failing to disclose the cost of white-labelling a platform could put advisers in breach of treating customers fairly.
After what he describes as a dismal 2008, Rathbones James Thomson sees light at the end of the tunnel. The performance of his 60m Global Opportunities fund has improved markedly after a tough year, and now ranks 57th in the Investment Management Association (IMA) Global Growth sector. Over the year to May 18, the fund […]
Independent consultant Ned Cazalet has applauded the FSA for its “pragmatic” approach to helping the life sector through the downturn.
At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]