FCA to cap pension exit fees at 1%

The UK’s Financial Conduct Authority looks set to cap exit charges for existing contract-based personal pensions, including workplace personal pensions, at 1% of the value of a member’s pot.

Investment | 25 May 16

ANALYSIS: Should IFAs and fund supermarkets fear the price war?

The investment industry has seen an unusual flurry of fee cuts, transparency improvements and new launches recently but is this all for the better or a reason to worry for some?

Tax & Regulation | 25 May 16

FCA warns investment scam fraudsters targeting over-55s

The Financial Conduct Authority (FCA) has warned that Britons over-55 are being targeted by scammers, with nearly a half investing in unregulated products such as wine, diamonds and land, without getting professional advice.

Companies | 25 May 16

Santander, UniCredit fund management merger on hold

The long-delayed deal between Italy’s UniCredit and Spain’s Santander to merge their fund management businesses has hit a further roadblock, with the Italian bank now on the hunt for a new chief executive.

Best Practice | 25 May 16

Fund research frim RSMR rolls out IFA platform

Fund research and ratings group RSMR has launched a platform to host its suite of seven risk-aligned Rfolios, with further passive and socially responsible investing-focused (SRI) model portfolios being considered.

Industry