Henderson has appointed the former dean of Cass Business School, Richard Gillingwater, as its new chairman.

Platform giant Skandia has reversed its post-RDR stance requiring advisers who take a percentage fee to get a new client agreement every time a top-up into an investment is made.

The UK's leading share index pulled back from multi-year highs Monday following a surge last week, as investors took profits from winning shares.

Former Cofunds head of sales and marketing Alastair Conway has joined James Hay Partnership as chief executive.

Paul Feeney has told Investment Week the terms negotiated on Skandia's soon-to-be-launched Select fund range will enable the group to offer the "best model portfolio service" to UK advisers and help them take power back from other distributors.

The US economy shrunk in the final quarter of 2012, raising fresh questions about the strength of its economic recovery.

Paul Feeney, the chief executive of Skandia's parent company Old Mutual Wealth, has vowed to tackle a series of administration problems impacting users since the start of the year.

AIM-listed wealth manager Brooks Macdonald has seen assets under management soar to £4.6bn in the last three months, boosted by the recent acquisition of Spearpoint.

HM Revenue and Customs (HMRC) has confirmed it is consulting on whether to tax fund rebates paid to customers.

HM Revenue and Customs (HMRC) is considering taxing fund rebates paid by platforms to consumers in the latest crackdown on the payments.