Despite 'considerable investment challenges'
Reports record net discretionary inflows
Here is our weekly heads-up on the stories that may have caught your clients' attention over the weekend...
Business is booming for advisers, according to a poll that signals increasing profitability and confidence in the sector two years after the rule change doomsayers said would herald its demise.
Advice and investment firm the Beaufort Group of Companies has reversed last year's losses to post a pre-tax profit of £232,000, having grown its financial planning arm to include nine regional appointed representatives.
Adviser numbers are down and firms' profits after tax, despite a temporary recovery last year, are lower than the two previous years, according to research from the Association of Professional Financial Advisers (APFA).
Brooks Macdonald has reported a 16% increase in interim pre-tax profit as assets under management near the £6bn mark.
The Financial Conduct Authority (FCA) has fined Forex Capital Markets and FXCM Securities (FXCM UK) £4m for allowing the US-based FXCM Group to withhold profits worth £6m that should have been passed on to the UK business' clients.
Barclays has said it intends to cut up to 12,000 jobs this year, including 7,000 in the UK, as it reveals it has upped its staff bonus pool despite a drop in profits.