Standard Life UK has reported a 28% increase in pre-tax profits for the first half of the year, with strong growth in assets under management and fee-based revenue.
Wrap platform Nucleus has appointed Mike Seddon as chairman of its advisory board.
Skandia, part of Old Mutual Wealth, is to outsource its administration to global IT and outsourcing firm International Financial Data Services (IFDS) in a 20-year contract.
The majority of advisers are positive on the impact the retail distribution review (RDR) will have on consumer confidence, while many have said there are signs it has already started to improve.
Legal & General (L&G) has signalled its intention to become a "major player" in delivering low cost passive investment solutions to UK retail clients as the group saw profits rise 13% in the first half of the year.
Australian data and software provider IRESS is set to acquire adviser technology provider Avelo for £210m.