News

Investment and financial planning businesses Jonathanfry and Easby Gale and Phillipson (EG&P) have completed a merger to form a company with offices across the North East and Yorkshire running £700m of clients' funds.

A national advice firm has launched the final stage of its adviser development programme, designed to help advisers improve their client service and increase their revenue.

Woodford Investment Management (WIM) is to take a 15% performance fee of any excess returns above the 10% annual return target on its Patient Capital investment trust.

The Financial Conduct Authority (FCA) has said fund groups must do more to ensure they control the risk of market abuse, following a thematic review into the issue.

The FTSE 100 is within sight of its all-time high after closing at its highest level for 15 years on Tuesday.

Hargreaves Lansdown has unveiled its low-cost drawdown plan ahead of 6 April which has no set-up fees or income withdrawal charges.

The Financial Services Compensation Scheme (FSCS) is to compensate self-invested personal pension (SIPP) claimants for losses in the value of their investments in three schemes, including Harlequin Hotels and Resorts.

Total Keydata recoveries have reached £122m, according to the latest figures from the Financial Services Compensation Scheme (FSCS).

Provider Friends Life has set out its proposal for reform of the pension tax relief system to "introduce fairness" to the system and incentivise people to save.

A report by think-tank New Financial has suggested fund manager pay may overtake that of investment bankers by 2016, following a sharp rise since the financial crisis.