Just 43 per cent of funds in the Absolute Return sector beat inflation over the last year, according to data from performance analyst FE Analytics.

AXA Elevate has added Barnett Waddingham to its platform, allowing advisers to use the Elevate investment options with the Barnett Waddingham Sipp.

Aberdeen Asset Management, a new sponsor of the IFP, reported growth of 2.5 per cent as assets under management rose to £185.8bn.

Financial Service Authority chairman Hector Sants has clarified the FSA’s decision to oppose the delay for the RDR.

The Financial Services Authority has fined Willis Limited £6.89m for failings in its anti-bribery and corruption systems and controls.

Andrew Tyrie, chairman of the Treasury Select Committee, has criticised the Financial Services Authority’s decision to reject calls for a delay to the RDR.

The National Employment Savings Trust remained within its budget for 2010/11, according to its annual report published this week.

Alliance Trust has published the locations of the highest average Sipp values in the country.

Perspective Financial Group has passed £2bn in funds under management following the acquisition of Oxfordshire practice McGrath Rathbone this month.

Aegon Asset Management is to rebrand as Kames Capital from 1 September.