Companies

Two funds to be run by external groups including Schroders and TwentyFour

Santander has set aside £43m to cover claims relating to the sale of wealth and investment products after the bank was fined by the regulator for advice failings.

Gross redemptions at £4.5bn

Third quarter figures offer evidence of turnaround, says Aviva chief

Investment management and advisory group Tilney Bestinvest has said more than 20 staff will be affected by a decision to relocate part of its London operation, following a review of its execution-only business.

Advice and investment management firm Tavistock Investments has created a new network of financial advisers following its takeover of Financial Ltd - but has lost 54 advisers in the process.

Helped by JPMAM acquisition

Support services provider SimplyBiz has swung deep into the red after writing down a loan to national advice firm Sandringham Financial Partners and suffering losses from its investment in employee benefits business Staffcare.

Just a fifth planning internal succession

Two firm directors who lost investors £50m in a scheme the Serious Fraud Office (SFO) branded "an elaborate scam" have been sentenced to a total of 12 years in prison.