Jim Reeve, chief executive of Aegon-owned national IFA Positive Solutions, has left the business to pursue alternative opportunities in financial services.

Wealth manager St James's Place (SJP) has reported a 30% rise in profits for 2011.

Upbeat economic news in the US pushed the Dow Jones through 13,000 on Tuesday, the first time it had been at that level since May 2008.

Phil Clarke, technical services manager at Rowanmoor Pensions, explores the "explosion" in SIPPs...

A marked rise in net fee income in its investment management division helped Rathbone Brothers post a 30% increase in profits in 2011.

Her Majesty's Revenue and Customs (HMRC) expects to issue some 850,000 penalties for late tax returns over the next fortnight, 550,000 fewer than the same time last year.

Banking giant Lloyds is to strip five current and former senior bankers of some £1m in bonuses over their role in the mis-selling of payment protection insurance (PPI), according to the Telegraph.

The Financial Services Authority (FSA) has referred Catalyst Investment Group, the UK marketing and distribution agent for ARM Asset Backed Securities, to its enforcement and financial crime division, according to reports.

Italian authorities have arrested eight individuals believed to have been involved in hiding trillions of dollars of fake US bonds.

Shadow Chancellor Ed Balls has called for a series of tax cuts in next month's Budget which he says are needed to boost the UK economy.