News

Aberdeen Asset Management completed the acquisition of Scottish Widows Investment Partnership (SWIP) last night, paying a total of £550m for the business.

Royal Bank of Scotland (RBS) has announced profits of £1.6bn for the first quarter of 2014, far surpassing expectations and sending shares soaring more than 10%.

Invesco CEO Martin Flanagan has played down analyst concerns over further UK equity income outflows as former employee Neil Woodford prepares to launch his own fund.

A fraud case brought by the Financial Conduct Authority (FCA) was halted after no barristers were willing to represent the defendants following recent legal aid cuts.

Henderson's Stewart Cazier is to join Old Mutual Wealth, with Paul Craig also joining the firm, after the group agreed a deal to buy up Henderson's remaining stake in Intrinsic's investment company Cirilium.

Dentons has developed an online application service for its self-invested personal pension (SIPP) products following adviser demand.

An increasing number of advisers are seeing their active client base grow, and the majority are positive on the future of their business, according to a survey.

The Financial Conduct Authority has banned a former UBS trader from regulated financial services due to failings associated with the rogue trader Kweku Mawuli Adoboli.

A trio of fund managers at Invesco Perpetual are exiting the firm to join Neil Woodford's new venture.

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