Growing adviser confidence in market performance and increased consumer desire for long-term financial planning are expected to bring beta back into client portfolios in the coming years, a BlackRock survey has suggested.

Arch Cru's new fund manager John Davey heavily contested that there was a 'fire sale' of Guernsey cells' portfolios that could have lost investors money following his firm's takeover of the fund management mandate in 2009.

The Financial Conduct Authority (FCA) is looking at bringing back reporting on a cash-basis for advisory firms in their Retail Mediation Activities Returns (RMAR), its head of savings, investments and distribution said today.

Arch Financial Products chief executive Robin Farrell and compliance director Robert Addison have fiercely contested allegations of greed and dishonesty in relation to investments made by the Arch Cru funds.

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Arch Financial Products has been accused of taking £3m in fees for a deal involving the Arch Cru funds which "was valued at nil", the High Court heard today.

AFH Financial Group has snapped up Welsh IFA AG Financial Planning for £422,000 in what marks its seventeenth acquisition.

Insurer Zurich has made close to $1bn from the sale of its stake in Chinese insurer New China Life (NCI).