News

Scott Goodsir, head of UK wholesale at BNY Mellon, is leaving his role after 15 years at the company to become head of UK distribution at Skandia.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has said the regulator regrets the time it took between the conception of a Retail Distribution Review (RDR) in 2006 and the roll-out of new rules more than six years later....

Hargreaves Lansdown's unbundled price structure will see it charge an annual fee of 0.45% for sub-£250k clients, with the firm having also negotiated an average AMC for new 'Wealth 150+' funds of just 0.54%.

A group of Lifemark-backed Keydata bond investors are renewing their efforts to organise a public inquiry into the collapse of the investment scheme nearly five years ago, by lobbying their MPs to act.

Nucleus is considering launching a direct-to-consumer (D2C) platform in an effort to better serve the 6,000 orphaned clients it currently redirects to Hargreaves Lansdown each year.

Morgan Stanley has upped its price target on Hargreaves Lansdown by 50% after the bank's analysis suggested consumers are prepared to pay more for advice and platforms than previously anticipated.

Pioneer Investments has launched a UK version of its Absolute Return Bond fund, run by Tanguy Le Saout and Cosimo Marasciulo.

The FTSE 100 was down as much as 0.5% this morning, mimicking losses seen globally, as investors reacted to poor economic data.

The Association of Investment Companies (AIC) is putting together a list of shares and securities independent advisers can continue to recommend after restrictions on their use of higher-risk unregulated investments come into force next year.

The UK's headline inflation rate fell to 2% in December, rounding off a near one percentage point fall since the summer, official data has shown.