News

New rules governing how payday lenders and debt management companies treat their customers have been brought in by the Financial Conduct Authority (FCA) today.

UK platform Skandia has reported profits of £13m in 2013, up from £2m in 2012, after net inflows of over £2bn last year.

Criminal gangs who trick people into investing in worthless shares have been targeted by police in the biggest ever international crackdown on the fraud.

Old Mutual Wealth has bought advice network Intrinsic for an undisclosed sum as it continues its growth strategy across a number of channels.

Solicitor John Fitzpatrick has been sentenced at Sheffield Crown Court to six years' imprisonment for his part in two 'quite spectacular mortgage frauds'.

The skill of active fund managers "adds real value" to investors, but the market may need to improve at identifying that skill quicker, according to Investment Management Association (IMA) chief executive Daniel Godfrey.

Chelsea Financial Services is cutting its headline annual charge from 0.5% to 0.4% from 6 April, as it moves to compete with rivals in the direct to consumer (D2C) space.

Prudential UK has struck a deal with technology provider IRESS to use its XPlan wealth management platform for its 300-adviser restricted advice proposition.

Investors suing Capita for compensation over the failed Arch Cru fund range are writing to up to 40 wraps and platforms asking them to pass on details of their action to clients who were also invested in the collapsed funds.

Private equity firm Permira has announced plans to combine Tilney, Deutsche Bank's regional wealth management business, and Bestinvest in order to form a standalone wealth manager with about £9bn of assets under management.