News

A financial advisory business can permit its advisers to refer clients to specialist colleagues within the company and remain independent, following an about-turn by the Financial Conduct Authority (FCA).

EEA has told any investors unhappy with their holdings in the group's life settlements fund to consider making claims against financial advisers, and not to pursue the fund group itself.

Alliance Trust's head of equities Ilario di Bon has left the group to pursue other opportunities.

Hermes has partnered with Hong Kong based fund manager CSOP Asset Management to launch a China A Shares fund run by some of the country's own up and coming stockpickers.

Shares in D2C giant Hargreaves Lansdown fell today after analysts at RBC Capital Markets downgraded the stock on fears its share price will continue to struggle in the face of increasing competition.

Barclays, Fidelity and HSBC have been flagged by the Financial Conduct Authority as the most-complained about firms for investments in the first half of 2014.

Charles Stanley chief executive Sir David Howard is to step down following new EU rules demanding firms separate the roles of CEO and chairman.

Miton has refused to rule out further acquisitions after its revenues jumped in the first half of 2014 following a spate of deals.

Tesco has confirmed former CFO Laurie McIlwee has not been working the final six months of his contract, encompassing most of the period currently under investigation by the firm following its profits overstatement.

Fund rationalisation may be coming to an end after a few years of groups actively cutting their product ranges, according to Fitch Ratings.