The FCA has approved a wind up plan from the joint administrators for DFM Strand Capital Management with at least some of the roughly £100m invested to be returned to investors.
Standard Life is to change its default fund for its pre-auto-enrolment customers. The Standard Life Annuity Purchase fund will go from being 100 per cent invested in bonds to an actively managed multi-asset fund.
The Treasury is reportedly planning an EIS crackdown in the Budget.
Schroders, Janus Henderson and Invesco are to absorb investment research costs according to FTAdviser which describes the move by all three as a U-turn.
Provident Financial may face a £300m misselling bill on a credit card a note from Royal Bank of Canada analysts says with the stock a significant Neil Woodford holding.
Research from Incisive Media suggests advisers do not understand the full implications of MiFID II for accepting some corporate hospitality. Some 22% of advisers reject corporate hospitality outright.
Mortgage benefit changes could worsen arrears warn mortgage brokers on Mortgage Strategy.
The chair of the Treasury select committee Nicky Morgan says that ex-pats may face a cliff edge on pensions due to EU passporting issues following Brexit.
The recent hurricane season is putting pressure on the catastrophe bond market,