Baker Tilly

Wealth manager Towry has been forced to spend a further £3.7m to deal with issues the regulator has with the business, following a quadrupling of the expenditure last year.

Arch Financial Products chief executive Robin Farrell and compliance officer Robert Addison have called in administrators to liquidate the company, weeks after the High Court ruled it had been negligent in its management of the failed Arch cru fund range....

The Financial Ombudsman Service (FOS) has ruled advisers could not reasonably have known Lehman Brothers was in financial turmoil when they recommended clients invest in structured products to which it was counterparty, in a trio of rulings.

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.

Auditors Baker Tilly are under investigation by the Financial Reporting Council (FRC) following allegations of unethical conduct.

Steve Webb would be "nervous" about providers playing a part in the Chancellor's guidance-for-all at retirement pledge.

Consumers priced out of full advice may yet be able to seek the expertise of an adviser via a chargeable "dip in, dip out" information-only model, according to Cofunds distribution director Andy Coleman.

RSM Tenon group has appointed administrators and has suspended its shares following an announcement this morning that a takeover deal by Baker Tilly has fallen through.

Accounting firm Baker Tilly has confirmed it will not make an offer for RSM Tenon Group.

Advisory and accountancy group RSM Tenon has conceded that, should an offer for the business be forthcoming from Baker Tilly, its high debts mean "minimal value, if any" will be attributed to its issued share capital.