News

NEST's reliance on gilts to provide steady growth in its default fund will leave many of the most vulnerable savers with the lowest income exposed to inflation, No Monkey Business (NMB) warns.

Swiss & Global Asset Management has expanded its range with the launch of the Julius Baer Absolute Return Europe Equity fund.

Neil Bridge, Schroders' head of UK retail sales, is leaving the firm at the end of December after more than 21 years.

The Bank of England's nine-member Monetary Policy Committee (MPC) was split three ways over the direction of monetary policy at their November meeting, according to minutes of the gathering.

The FSA will allow platforms to facilitate the collection of adviser charges, but says this must be done to the same standard as product providers.

The FSA plans to publish a separate consultation paper on how platforms should disclose their charging structures, including fund manager rebates, on top of its second consultation document in February.

Execution-only platforms, such as Hargreaves Lansdown's Vantage, could be subject to the same disclosure terms as those platforms conducting adviser business, the FSA says.

Advisers who wish to be independent post RDR can use a single platform for the 'majority' of their clients if it is in their best interests, the FSA proposes today.

The FSA today said in its long-awaited consultation paper platforms can continue to receive rebates from fund managers.

European Council president Herman van Rompuy warns the euro and wider EU face a "survival crisis" as the continent's sovereign debt crisis escalates.