AXA Wealth and Architas have become joint lead corporate members of the Institute of Financial Planning (IFP) for the twelve month period from 1 July 2013.

Litigation lawyers Harcus Sinclair have written to Capita Financial Managers Limited (CFML) notifying them of a claim against them in respect of a number of ‘sample' Arch Cru clients.

The Financial Services Compensation Scheme (FSCS) has revealed it has paid out £25m in compensation to investors in Arch Cru and £1.8m over Keydata this financial year.

Seven Investment Management has started a programme of bringing solicitors, financial planners and accountants together so they can offer clients a holistic service across generations of families.

The auditors of the suspended EEA traded life settlement fund has said the fund is worth $100m less than the value recorded in the company's financial statements.

Life company AXA has said that its complaint against former Institute of Financial Planning (IFP) president Marlene Shalton for client solicitation has been "settled".

A survey of almost 300 Harlequin investors suggests up to 95% were not made aware of the risks of investing in the troubled overseas property company by their agents or advisers.

Legal & General (L&G) yesterday announced it has upped the base salary for its top executives by a fifth to £560,000.

Thomas Miller Investment (Isle of Man) has appointed Tom Richards to the role of director.

The European Commission has accused 13 banks, including Barclays, HSBC and the Royal Bank of Scotland, of colluding to hamper competition in the credit derivatives market.