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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.

Video pick
2 Comments CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

17 Comments Play Standard Life chief: in 10 years most people will get advice online

Standard Life chief: in 10 years most people will get advice online

Standard Life is developing a digital service in preparation for a future where the vast majority of advice in the UK is delivered online, with face-to-face playing 'back up' role, according to its chief executive.

NMA Profile
Adviser Profile: Mark Dolby and Chris Shaw of Beaufort Financial (Reading)

Adviser Profile: Mark Dolby and Chris Shaw of Beaufort Financial (Reading)

Mark Dolby and Chris Shaw have embraced cashflow planning at Beaufort Financial (Reading) to help clients take advantage of the pension freedoms. Through their hub model, they now plan to take the firm to the next level.