News

Partnership Life Assurance Company, part of the Partnership Assurance Group, has confirmed it is the subject of a Financial Conduct Authority (FCA) investigation into potentially unsuitable distribution agreements with advisory firms.

Chelsea Financial Services and Albemarle Street Partners are to launch a fund rating service early next year, targeting consumers as well as advisers and rivalling a number of existing agencies.

J.P. Morgan Chase has been fined a total of £572m over the infamous 'London Whale' trades which lost it billions of dollars last year, with the FCA alone imposing a near record £138m fine on the bank.

Tailormade, which advised on self-invested personal pension (SIPP) transfers into troubled overseas property company Harlequin and was a major distributor of Harlequin investments, is entering liquidation because it cannot finance redress payments to...

The Federal Reserve has been accused of ‘making policy on the fly' after it opted not to taper its quantitative easing programme at its monthly meeting yesterday.

Suspended traded life settlements fund EEA Life Settlements has told shareholders to approve a restructure of the troubled vehicle or else face liquidation.

The FTSE has jumped as much as 1.5% after the US Federal Reserve came yesterday indicated it has no plans to cut back on its quantitative easing programme at present.

More than half of advisers (53%) have found the transition to the Retail Distribution Review (RDR) either smooth or very smooth, according to research published today.

Hundreds of thousands of people are saving for retirement via pension schemes which are poor value for money, an investigation by the Office of Fair Trading has found.

Reigning Premier League champions Manchester United reported record revenues for the 12 months to June yesterday.