Iceland has said the UK will get back the money it paid out to customers when the Nordic country's banking system collapsed.

Novia has poached five staff from Skandia to work on its new project with Aegon.

Nucleus chief executive David Ferguson says the IFA-owned wrap will break-even this year, after operating losses shrunk to £1.7m in 2010.

IFAonline lists who has moved where in another busy week in financial services.

Lowes Financial Management has launched a structured product iPhone application, enabling investors on the move to research and compare details of the products.

Portugal is set to receive an €80bn bailout package by the middle of May - as long as the beleaguered nation pushes through tough austerity measures.

Sanlam Private Wealth, the newly rebranded Buckles Investment Services, plans to ramp up its graduate recruitment drive to boost its adviser numbers to over 200.

IFAonline rounds up what the newspapers are saying…

Capita Financial Software has appointed Adam Byford as managing director, following Matt Humphrey's resignation.

The Bank of England today held interest rates at 0.5% as fears over a sluggish economic recovery outweighed inflation concerns.