Wealth manager Rathbone Brothers has acquired an almost 20% holding in Vision Independent Financial Planning and its sister company Castle Investment Solutions for a total cash consideration of £2m.
The Prime Minister David Cameron and Chancellor George Osborne have ruled out introducing a wealth tax on high earners or an annual levy on expensive properties - two proposals central to the Liberal Democrats' plans.
The Financial Services Authority (FSA) is consulting on a change to its adviser charging rules to ensure advisory firms do not receive any kick-back payments from discretionary investment managers (DIMs) in exchange for recommending their services.
PanaceaIFA, the online community for IFAs, is rebranding to Panacea Adviser to reflect the changing advisory landscape ahead of the implementation of the Retail Distribution Review (RDR).
In the most recent of our series looking at coverage of the Retail Distribution Review (RDR) in the national media, we came across this piece from Money Mail...