A dealer in retail properties has been jailed for three years for defrauding investors in deals exceeding £1.3m.

IFA consolidator Perspective Financial Group has acquired Oxfordshire-based adviser firm McGrath Rathbone.

The Financial Services Compensation Scheme (FSCS) received almost 700 fewer investment claims in 2010/11 than the previous year.

HSBC has confirmed around 460 adviser roles will be cut in a "re-shaping" of its UK business model ahead of the Retail Distribution Review (RDR).

Openwork has appointed Mary-Anne McIntyre as chief executive officer, subject to FSA approval.

Capita Financial Software is developing an ‘on and off' platform comparison service as part of its Synaptic Comparator tool.

Skandia UK has announced gross sales via Skandia Investment Solutions (SIS) have reached £2.5bn this year with the platform now accounting for nearly 80% of the group's sales.

Fraser Donaldson, insight analyst for funds at Defaqto, says discretionary fund managers (DFMs) are actively targeting the IFA market and providing another choice for advisers.

The UK banking sector has fallen behind its main competitors since the global financial crisis, a report has said.

Lloyds Banking Group plans to double sales and profits from its bancassurance proposition within the next three years as it seeks to take advantage of an "advice and distribution gap" it believes will develop as a result of the Retail Distribution Review...