News

Wealth management firm, Towry, has posted pre-tax profit of £9.4m for full-year 2012 up from £8.3m in 2011.

Concerns raised by ratings agencies, analysts and hedge funds have pushed bank shares lower this morning as the FTSE 100 snaps seven straight days of gains.

Premier Asset Management has streamlined its fund range in a move to broaden its appeal in the wealth management market.

Sir Winfried Bischoff, chairman of Lloyds Banking Group after taking over during the financial crisis, is to retire from the group later this month.

Getting financial advice on long-term care (LTC) is a welcome part of the latest Care Bill, however, it is not essential that advice is independent, trade body Symponia has said.

Independent consultancy Jelf Group has acquired Yorkshire and the Midlands-based general insurance broker, The Insurance Partnership (TIP), in a bid to expand into the regions.

Skandia has taken a number of steps to speed up re-registration processes with platforms that are currently unable to handle automated re-registration.

M&G has lost its number one spot at the top of the widely followed Pridham report, after sales at rivals BlackRock and Standard Life surpassed the Prudential-owned asset manager.

First State Investments has formally announced the soft closure of Jonathan Asante's £4bn GEM Leaders fund.

Active investment manager, RWC, plans to launch a Luxembourg UCITS long only unconstrained global equity fund.