News

Nottingham Building Society and Shepshed Building Society have agreed in principle that the two societies should merge.

South-east based advisory firm, Foster Denovo, is in talks to recruit 100 advisers following an announcement in October that it plans to grow its staff by 50%.

Fee-based adviser Fiducia Wealth Management is to align with a number of professional services firms next year as it eyes a family office model that will be "indispensable" to clients.

A two-timing investment banker has been jailed for two years and eight months for insider dealing.

Skandia's multi-manager range is to compete on price with the directly-invested sector, as part of the group's plan to continue aggressive negotiation with fund managers.

Fears retiring baby boomers will monopolise resources and limit economic growth for future generations are "nothing to worry about", according to sociologist Frank Ferudi.

Lloyds Banking Group (LBG) has budgeted more than £1m in costs for implementing auto-enrolment to its 107,000-strong staff.

The US Federal Reserve has expanded the scope of its quantitative easing programme and suggested interest rates will not rise until US unemployment falls below 6.5%.

AJ Bell has reported an increase in pre-tax profits of 39% to £26.5m, with assets under administration hitting £17.5bn for the year ended 30 September.

Hargreaves Lansdown chief executive Ian Gorham has sold an interest in 750,000 of the group's shares for £3.35m and reinvested half the proceeds back in the company.