Prudential has reported operating profits for 2012 of £2.5bn, up 25% on the previous year.
Total assets in UK wealth management reached a record high of £527bn in Q4 last year, despite fears regulation would dampen inflows and put pressure on costs.
The Retail Distribution Review (RDR) and a similar regulatory upheaval in Australia represent the most significant changes to the global financial advice industry in 2013, according to an influential US report.
Standard Life has suffered net outflows for its UK retail business, following an 11% rise in redemptions.
Advisers are equally split on whether the Retail Distribution Review (RDR) will have a beneficial impact on the industry, according to Skandia.
Wealth manager The Inspire Group has said it plans to acquire some 20 IFA businesses over the next 18 months, with the aim of accumulating assets in excess of £1bn and making it a major player in the IFA sector.
Insurance giant Legal & General (L&G) has reported increased operating profit of £1,087m following double digit sales growth.
The Financial Services Authority (FSA) has published its answers to another batch of advisers' questions on the Retail Distribution Review from its recent events...