News

True Potential has increased its 2012 pre-tax profit by 57% year on year, from £2.3m to £3.6m.

The chief executive of Lloyds Banking Group has suggested claims management companies should be forced to cover the costs of false claims.

Schroders has launched a multi-asset fund aiming to protect investors' capital in varying market conditions.

Mirabaud Asset Management has launched a high yield bond product for its latest recruit Andrew Lake, who joined the group from Aviva Investors at the start of the year.

Big banks will be forcibly broken up if they fail to heed new rules to ring-fence their investment arms from their consumer-facing operations, George Osborne is expected to say on Monday.

Barclays has announced that Chris Lucas, its group finance director, and Mark Harding, the group general counsel, are to retire from the business.

Britain's highest earners are shouldering an increasing share of the UK's income tax burden, as coalition government policies take more people out of paying the tax, according to figures released by HMRC.

The government will not introduce a tax break for married couples in next month's Budget, though an allowance is likely to be introduced in this parliament, according to reports.

Barclays chief executive Antony Jenkins has rejected his bonus package for 2012, saying it would be wrong for him to accept it after a year in which scandal engulfed the bank.

The Association for Professional Financial Advisers (APFA) is well placed to represent the industry now it has overcome the "red herring" issue of independence versus restricted, said one national director.