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.
We quiz Standard Life chief on 1825 and Elevate
In this final instalment of our exclusive interview, Standard Life chief executive Barry O'Dwyer answers Citywire's questions about the company's restricted advice arm 1825, and brands the Elevate platform deal a 'fantastic success'.
Partial DB transfers can work - I did one, says Standard Life boss
Standard Life’s chief executive Barry O’Dwyer has revealed he has already taken a partial transfer of his defined benefit pension, and thinks more schemes should offer this option to members.
Adviser Profile: Keith Churchouse of Chapters Financial
Keith Churchouse already has reason for Christmas cheer as Chapters Financial continues to grow at an impressive rate. He now wants his revamped robo-advice proposition to deliver the gift of advice to the masses