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Advisory group Paradigm Partners has shelved plans to run its investment joint venture with Henderson.

The asset management division of Close Brothers, comprising both advised and managed solutions for clients, turned a profit in the six months to February thanks partly to a 6% increase in overall assets under management.

Lloyds Banking Group has put a 20% stake in wealth manager St James's Place (SJP) up for sale.

An ex-futures trader has been jailed for insider dealing after pocketing £591,000 in fraudulent deals.

The break-up of the Financial Services Authority (FSA) at the start of April is set to create more compliance and risk jobs in the retail banking sector, according to research from BrightPool, the specialist financial services recruitment company.

A public vote on which of four financial products is potentially most harmful to consumers closes this week.

MOVERS & SHAKERS

Yorkshire and Clydesdale have confirmed that they will be joining a host of other high street banks to exit the advice market.

Positive Solutions has reported profits before tax of £2.3m for last year, wiping out a £0.4m loss in 2011, as it strives to offer a "John Lewis level" of customer service to its advisers.

The Financial Services Authority (FSA) has criticised an independent consultant appointed to review the Arch Cru funds for banned adviser Stephen Danner.