News

Adviser consolidator Succession Group has bought tax planning and investment firm Cassidy Coutts, adding £50m to its funds under management.

Advisers should shy away from clients eager to cash in their pension pots and bear in mind annuities are "still key to the advice process" for pots worth £30,000 to £100,000, said 2plan chief executive Chris Smallwood.

In his 50th annual letter to the shareholders of Berkshire Hathaway, Warren Buffett assured investors the company is well positioned to weather upcoming market storms.

Phoenix Life is reviewing the charges on its Scottish Provident unit-linked funds after refunding a former financial adviser who realised he had been overcharged for years.

Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.

LV= has launched an online retirement modelling tool to help advisers select, explain and administer a blend of retirement options.

The fund management industry is "ripe for investigation" regarding pay packages, according to the Institute of Directors (IoD).

Arch cru investors have been told they must continue to wait to get back what value there is left in the failed fund range, as the liquidation process looks set to drag on beyond this year.

Invesco Perpetual has boosted its Global Targeted Returns team as assets in the UK-based strategy top £1bn, 18 months after launch.

Former chief executive of Bestinvest John Spiers has raided his old firm for five senior wealth management staff to build a new discretionary investment proposition aimed at high net worth clients.