Latest News - Michelle Abrego
JPM wealth divisions fined $307m for picking in-house funds
JPMorgan Chase has been fined over $300 million over allegations that it did not properly inform clients about conflicts of interests.
‘The stars have aligned’: managers react to Fed finally raising rates
Fund managers welcome Janet Yellen and Co's first move since before the financial crisis.
Bill Gross to sue Pimco for $200m over dismissal
Veteran investor seeking over $200 million from former employer in newly filed lawsuit.
The stateside view: 'we're bailing out China'
The sell-off in China and global market volatility over the last month has kept the Federal Reserve from hiking interest rates despite stronger domestic data, according to fund managers.
Phoenix firms keep rising despite FCA's crackdown pledge
Many advisers at defaulting firms are starting up businesses or being reauthorised, new research by New Model Adviser® reveals
LV= opens flexi-access drawdown to small pot savers
Provider LV= has lifted restrictions on its flexi-access drawdown to allow access to those with pension pots worth less than £30,000.
Labour peers urge gov't to act on 'rip-off' drawdown charges
Labour peers have urged the government to intervene on ‘ridiculously’ high drawdown charges, as investors are being ripped off ‘daily’.
Tyrie re-elected as Treasury Committee chair
Andrew Tyrie has been re-elected as chair of the Treasury Committee.
Standard poaches man from Pru planning arm for advice push
Standard Life’s national advice service 1825 has poached Prudential Financial Planning’s head of proposition Andrew Barker.
FCA triples estimated cost of pension transfer advice rules
The FCA’s new rules on pension transfers could cost advice firms more than triple of what it initially proposed, according to the regulator’s final rules published today.
AJ Bell CEO: there will be six more months of replatforming pain
IFAs will have to endure another half year of replatforming trouble by provider-owned platforms, Andy Bell has said.
Asset managers: 'There is going to be a distribution revolution'
In footage not used in our original CEO tapes videos, five CEOs discuss how distribution will change in the future. Will 'distribution' be revolutionised by technology the same way that Spotify changed music or the Kindle changed publishing?
Adviser profile: Mandy Dale and Chris Emery of Hanbury Wealth
Hanbury Wealth is growing, and Mandy Dale and Chris Emery have set their sights on more joint ventures in the future.