National wealth manager Towry has announced a management shake-up following its acquisition of Baker Tilly Financial Management, which will see the latter's chief executive John White exit.

Axa Wealth's Corporate Investment Services business is increasing the investment universe for employee benefits consultants by adding exchange traded funds (ETFs) to its bespoke Investment Only offering.

Advisers who introduced clients to the Icebreaker scheme knew "perfectly well" its sole aim was to enable tax avoidance, lawyers for an insurance company have claimed, citing a Tribunal ruling.

Business secretary Vince Cable has called the financial sector "a public good", though admitted it often falls short of this lofty aim.

AXA Wealth has agreed preferential, non-rebated share classes on 153 funds from seven fund groups.

Network the On-Line Partnership is liable for allegedly unsuitable advice it claims one of its appointed representatives (AR) gave without its authorisation, the Financial Ombudsman Service (FOS) has ruled.

Mark Carney's move from Canada to London cost the Bank of England nearly £200,000 - which, in addition to his £870,000 salary - makes him Britain's first £1m governor.

The government's Help To Buy scheme, designed to boost the housing market, creates "medium and long-term risks to the taxpayer", MPs have warned.

Researchers questioned 2,000 people about their perception of a happy retirement - finding that most of us long to retire by 63, with a three-bedroom home just 11 miles away from the rest of our family.

Why UK equity income sales are breaking records