Savvy IFAs looking to offload their businesses in the New Year are building up their profits to entice buyers rather than relying on selling on a recurring trail basis, according to a consultancy that deals in adviser merger and acquisitions.
The co-founder of price comparison website Moneysupermarket.com has come under fire for avoiding more than £60m in tax by moving to Jersey.
Sainsbury's chief executive Justin King is one of the only big grocers to have earned an annual bonus after hitting targets triggering a 23% rise in total pay.
There is a huge and widening gulf between firms making outstanding profits and those losing money, according to research released today.
Britain's top companies had a torrid 2012 as nearly a third of their profits were wiped out while revenue growth was sluggish at best, a new report has revealed, and profits would need to bounce back by 40% to justify the recent market surge.
The government must do more to promote the benefits of the Retail Distribution Review (RDR) to consumers to help advisers stay in business, Tenet Group has said.
An accounting write-down and the after effects of previous acquisitions resulted in a £1.9m pre-tax loss for Perspective Financial Group in 2011, although the consolidator's revenues were up 56%.
Close Brothers has reported a 2% rise in full-year pre-tax profits and expects its asset management division to return to profitability next year as it completes a restructuring.
The Financial Conduct Authority (FCA), one of the regulators due to replace the Financial Services Authority (FSA) next year, aims to develop a financial services market where the most successful firms are those that respond best to the needs of their...
Closed life fund consolidator Phoenix has held the majority of its annual bonuses at low rates or at 0% as it focuses on final payouts.