The number of UK active equity funds failing to beat their benchmarks has increased fourfold over the past year, according to a new report from data provider S&P.

Data and research provider Morningstar has announced the funds and fund groups who have triumphed in its Morningstar UK Fund Awards 2017.

Fund manager Liontrust has completed its acquisition of Alliance Trust Investments and renamed ATI’s 11 funds under its own brand as it expands its sustainable funds offering.

Synaptic Software has launched its faster life assurance quotation and transaction service called Cover Me Now. The service went live on Friday 31 March with the aim of helping advisers speed up protection quotes.

The FCA has abandoned plans to force advisers to tape all client phone calls.

Financial services firms have escaped a total of £1.2 billion in FCA fines in the last four years, a report has found.

Financial Planning professionals have bemoaned platforms’ poor service levels and called for the operators to make improvements.

The Deputy Chief Executive of Which? has been appointed to a key role with The Financial Services Compensation Scheme.

Transact will cut its charges from tomorrow.

The core of the new Cofunds platform has been built, it was revealed this morning.