News

EFG Asset Management has made two new hires to expand its investment teams in London and Hong Kong.

Allianz Global Investors has opened several flagship strategies to UK retail investors with the addition of a new sterling clean share class.

Advisers are charging clients more post-Retail Distribution Review (RDR), despite falling product prices, a consultancy hired by the Financial Conduct Authority (FCA) has found.

The banning of commission on retail investments and the subsequent revelation of the "true cost" of advice has led some clients to consider the value of what their adviser offers, the Financial Conduct Authority (FCA) has conceded.

The Financial Conduct Authority (FCA) has declared the Retail Distribution Review (RDR), its long-standing project to revamp the retail investment advice market, is working, though some concerns remain on the costs of advisers' services.

The Financial Conduct Authority (FCA) has found evidence of increasing professionalism in the financial advice sector, it said today, but one firm has been referred to enforcement for "insufficiently engaging" with RDR changes.

UK CPI inflation fell further than expected in November to its lowest level since 2002, according to the Office for National Statistics (ONS).

Russia has raised its interest rates to 17% to prevent further depreciation of the ruble, which has halved in value against the dollar this year.

Lloyds and Royal Bank of Scotland have fallen short in Bank of England tests to determine their resilience in the event of a new financial crisis, while the Co-operative Bank has been ordered to submit a new capital plan.

HM Revenue and Customs (HMRC) has secured almost all of the disputed tax due from the first group of tax avoidance scheme users to receive Accelerated Payment notices.