Towergate Insurance has sold advice business Towergate Financial to Palatine Private Equity in a £8.64m deal.
Consumers struggle to understand structured products and tend to over-estimate potential returns by as much as 10%, the regulator has found. The likely reasons make uncomfortable reading for the sector...
Providers of structured products need to better assess if the investments are value for money for investors who struggle to understand them and tend to significantly over-estimate returns, the regulator has said.
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Schroders has posted record results for 2014, with inflows of £25bn pushing the group's total assets under management to the £300bn mark.
Aviva has said it expects its acquisition of rival Friends Life to generate extra revenue of £600m over the next two years, including and cost savings for the company of £225m.
HSBC Global Asset Management has introduced a range of multi-asset retirement funds for the defined contribution (DC) pension marketplace.
In his fourth column for Professional Adviser, the quasi-mysterious Banker's Umbrella explores revelations HSBC's Swiss arm has been helping patrons avoid millions in tax, and mounts a brave defence of offshore banking...
The majority of advisers have turned clients away in the last year, mainly because they were concerned the advice was too expensive, research from the Association of Professional Financial Advisers (APFA) suggested.
Successful fund managers share a number of common traits. But, as Jason Broomer writes, be careful what you look for...
In his 50th annual letter to the shareholders of Berkshire Hathaway, Warren Buffett assured investors the company is well positioned to weather upcoming market storms.
Phoenix Life is reviewing the charges on its Scottish Provident unit-linked funds after refunding a former financial adviser who realised he had been overcharged for years.
Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.
Arch cru investors have been told they must continue to wait to get back what value there is left in the failed fund range, as the liquidation process looks set to drag on beyond this year.
Invesco Perpetual has boosted its Global Targeted Returns team as assets in the UK-based strategy top £1bn, 18 months after launch.
Former chief executive of Bestinvest John Spiers has raided his old firm for five senior wealth management staff to build a new discretionary investment proposition aimed at high net worth clients.
Financial advisers could be on the hook for hundreds of millions of pounds after the latest twist in the Harlequin saga in which the Financial Services Compensation Scheme (FSCS) has written down the value of the investment to nil.
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