Cofunds has launched its client segmentation and updated fee flexibility functionality as part of the platform's efforts to help prepare advisers for the Retail Distribution Review (RDR).

UK banks including RBS, Barclays and HSBC are set to be downgraded by Moody's this evening, it has emerged.

Cofunds is piloting a graduate and school leaver apprenticeship scheme in order to bring new talent into the industry.

A top official at the Financial Services Authority (FSA) has warned Britain's four largest banks face more questions over their sale of interest rate hedges to small business customers.

Pensions minister Steve Webb has vowed to fight potentially "catastrophic" EU plans to impose funding rules to British occupational pensions.

The Bank of England has warned hedge fund managers the eurozone crisis could result in a clampdown on their activities.

PLATFORMS

The Skandia CEO says although the term restricted advice carries negative connotations, it could be the predominant model of advice in five years' time.

UK Money Market funds swung back in favour in May as investors looked to shelter money amid the ongoing eurozone debt crisis, according to figures from FundsNetwork.

Capita Financial Software (Capita) is set to unveil a new risk profiling tool it claims will "revolutionise" retirement and investment modelling.