News

Axa Wealth's total sales increased by 68% over the first six months of the year, while the firm saw strong growth in assets on the Elevate platform and specialist multi-manager business Architas.

Royal Bank of Scotland (RBS) has promoted its head of retail Ross McEwan to the role of chief executive, replacing ousted Stephen Hester.

Her Majesty's Revenue & Customs (HMRC) has cancelled a campaign designed to educate non-UK domiciled (non-dom) individuals about making remittances following concerns from an accountancy body.

Student accommodation fund giant Brandeaux has denied its recently-suspended funds are "distressed sellers", and has said there is a £1bn "overhang" of property on the market.

The Pensions Regulator (TPR) has appointed Stephen Soper to replace Bill Galvin as chief executive on an interim basis.

The National Audit Office (NAO) has launched an investigation into the new financial services regulatory structure that came into effect this year.

Shares in Lloyds Banking Group and Jupiter Fund Management soared on Thursday after both groups reported hefty profits in their half-year results.

The Bank of England (BoE) has held interest rates for the 53rd consecutive month and opted not to increase the size of its £375bn QE programme at its July meeting.

The government has named the first bodies to have applied for the 'super complainant' status, a legal tool which will allow them to force the regulator into swift action over failings in the financial services sector.

The Financial Services Compensation Scheme (FSCS) has confirmed it is reviewing evidence in the case against IFA Rockingham Independent Limited, after it has received new evidence from claimants in support of their case.