News

IFA Willow Financial has been forced into administration over £1.5m in liabilities relating to its Arch Cru advice - but has been bought back by some of its former partners at a knock-down price, and they won't be footing the bill for claims.

Business volumes in the investment management sector were broadly flat in the three months to September, with growth expectations for the next quarter the weakest since 2011, according to PwC.

UK shares had a shaky start to the week as negotiations over the US debt ceiling continue to drag on.

Intrinsic is to bring to an end Positive Solutions advisers' use of software True Potential and migrate all advisers over to alternative software provider Avelo.

Workplace pension savers should be able to earmark part of their funds to pay for long-term care, according to a white paper.

Fidelity has launched a fund of funds investing in lesser-known portfolios as an exclusive offering for its high-net-worth (HNW) direct clients.

The Financial Conduct Authority (FCA) has launched a review of the execution-only market, examining all aspects of the industry including looking at buy lists for the first time.

Hedge fund manager John Paulson is backing a turnaround in the Greek economy by taking positions in some of the country's largest banks.

The country's top 30,000 income tax payers will pay 14% of the total brought in this year, according to figures from HM Revenue & Customs (HMRC).

The Treasury has applied for European Union (EU) approval to split up Royal Bank of Scotland (RBS), to smooth the process of carving up the state-owned lender.