News

Richard Buxton's Old Mutual UK Alpha fund has passed the £500m AUM mark, having grown at a rate of £100m a month since he joined the firm in June.

The number of over-60s getting divorced each year has soared since the mid-1990s, according to figures from the Office for National Statistics.

The Financial Conduct Authority chief executive's statement that advisers should not charge their clients a percentage of assets "significantly overstepped commercial lines" according to one managing director and adviser.

The majority of advisers are positive on the impact the retail distribution review (RDR) will have on consumer confidence, while many have said there are signs it has already started to improve.

The Financial Reporting Council (FRC) has announced it is investigating Grant Thornton as auditors of Vimto maker Nichols.

More than a quarter of home-buyers in England and Wales are now paying stamp duty at the higher rates of 3% or more, research suggests.

Credit Suisse has completed the sale of J O Hambro Investment Management to the private client business' management team and Bermuda National Limited (BNL).

A number of UK equity income managers have begun building positions in Lloyds Banking Group as the lender prepares to return to the UK dividend register.

Legal & General (L&G) has signalled its intention to become a "major player" in delivering low cost passive investment solutions to UK retail clients as the group saw profits rise 13% in the first half of the year.

The Personal Finance Society (PFS) has launched an online development tool aimed at helping advisers meet the minimum 35 hours continuing professional development (CPD) regulatory requirement.