The Financial Conduct Authority (FCA) today paved the way for platforms such as Hargreaves Lansdown and Standard Life to launch super clean share classes, after stating it would want to see existing deals re-created on clean fee share classes.

The FCA has moved to crack down on the potential for fund costs to rise as a result of the introduction of clean share classes.

The Financial Conduct Authority (FCA) is to permit rebates from fund managers to platforms in cash, provided it is passed on to consumers in full in the form of additional units.

The Financial Conduct Authority (FCA) is to ban cash rebates paid to consumers from platforms from April next year.

Markets across the US closed up overnight as the more optimistic mood prevailed, while gold continued to recover from its recent savage fall.

Hargreaves Lansdown is planning to cut its Wealth 150 list down to as few as 30 funds as it looks to adapt to the new pricing world post-RDR.

Standard Life Investments' head of credit Andrew Sutherland is to retire from the group after a 30-year career.

The UK's stagnating economy avoided a triple-dip recession today after initial estimates showed it expanded 0.3% in the first quarter of 2013.

Goldman Sachs has advised clients to stop shorting gold after the dramatic fall in the price of the precious metal over the last few weeks.

Shares in Standard Life were topping the FTSE 100 leaderboard this morning after its latest update showed assets under management(AUM)at its investment business had reached a new record.