A new offshore investment service marketed by AXA Wealth International, named DelegationTM, will give investors access to a much broader range of asset types, including: collective investment schemes, equities, government and corporate debt and derivatives.
Fidelity is to acquire independent annuities adviser Annuity Direct with the aim of combining both companies resources to help clients' retirement incomes.
Consumer complaints reported by financial services firms fell by 500,000 between the second half of 2012 and the first half of 2013, according to the FCA.
According to new research 65 per cent of advisers said that the main reason for recommending outsourced investment services was to gain access to specialist portfolio management skills.
Salamanca Group, the merchant banking and risk management business, has combined with existing management to acquire the Investec Trust group of companies, from Investec Bank plc for an undisclosed sum.
Leading income fund manager Neil Woodford is to leave Invesco Perpetual in April to set up his own fund business and transfer fund responsibilities to Mark Barnett and the Invesco Perpetual UK Equities team.
The Financial Conduct Authority has confirmed how it will use its new power to publicise warning notices by publishing information about proposed enforcement action.
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