Many wealth managers are lacking the required qualifications to meet RDR standards and are confused about 'independent' and 'restricted' advice labels, research suggests.

An annual cap of £3,600 for a tax-free Junior ISA fits the general consensus and would be in line with stakeholder savings, TISA's Malcolm Small says.

Bestinvest has selected SEI to provide its Global Wealth Services (GWS) offering.

The industry reaction to Junior ISAs has been mixed, with some hailing them a sensible means of saving and others lambasting them as a crude money-saving initiative.

The FTSE is down over a percentage point in afternoon trading with better-than-expected growth figures failing to lift investors as concerns over the banking sector weigh on sentiment.

Axa Wealth says it sold its life and pensions business to Resolution because the traditional life model was "broken" and the company needed to evolve its business proposition.

Axa Wealth has unveiled plans to expand its wrap proposition Elevate into the Asian market.

Nucleus has passed £2bn in AUM as it announces another two firms have joined the IFA-owned wrap.

Business leaders have issued a fresh warning today about Britain's competitiveness, releasing a survey of leading executives which suggests the country is slipping behind its international rivals.

Over a third of advisers think RDR implementation will be delayed, suggests recent research from Fidelity.