Wealth management firms say they are being "crippled" by suitability requirements as the Financial Conduct Authority (FCA) increases its scrutiny of the sector.

Ascentric's managing director, Hugo Thorman, has argued advisers' use of model portfolios is hindering the popularity of investment trusts.

Tim Orton, chief executive of Aviva's platform business, is aiming to double assets under administration (AUA) to £10bn by the end of 2015.

FCA executive and director of supervision Clive Adamson is to leave the organisation within months, according to reports.

Chancellor George Osborne announced today that ISAs will retain their tax-free status when transferred after death.

UK All Companies funds saw their first inflows in six months in October, despite market volatility, according to the Investment Management Association.

UK equity managers are turning to insurers as a way to access the UK's financial sector while avoiding the troubled banks.

Miton Group has reopened its UK Multi-Cap Income fund to new investors after imposing an initial charge last year.

Neil Woodford has invested £16m in a US biotech company working on brain tumour treatment.

Psigma Investment Management has launched a cautious income strategy for its Managed Portfolio Service to target pension savers.