News

Standard Life Wealth (SLW) is to pay up to £83.5m for Newton's private clients division, adding an extra £3.6bn in assets under management to its business.

Self-invested personal pension (SIPP) provider Stadia Trustees has stopped accepting all new business.

HM Revenue & Customs (HMRC) has successfully challenged a tax avoidance scheme in court and thereby ensured an additional £156m will be collected for the UK coffers.

UK GDP contracted 0.3% in the last quarter of 2012, according the second reading of the data.

Three men have been arrested as part of the Financial Services Authority's (FSA's) and Metropolitan Police's ongoing fight against insider dealing and market abuse.

Network Intrinsic has questioned whether the stigma surrounding with-profits funds may be forcing clients into unsuitable products when they come to fund their retirement.

Henderson Global Investors saw underlying profits fall 8% last year as it struggled in a challenging sales environment and moved to streamline its business.

The On-Line Partnership Group, which owns the IN Partnership and Whitechurch networks, has signed a strategic partnership with London & Capital (L&C), making the discretionary's range of managed portfolios available to its 500 advisers.

Some employers are fretful about discussing automatic enrolment with their employees for fear of straying into "heavily regulated" financial advice, a study suggests.

JPMorgan Chase has announced at least an extra 3,000 job cuts as part of plans to reduce its overall expenses.