News

Wealth manager Rathbone Brothers has acquired an almost 20% holding in Vision Independent Financial Planning and its sister company Castle Investment Solutions for a total cash consideration of £2m.

The Prime Minister David Cameron and Chancellor George Osborne have ruled out introducing a wealth tax on high earners or an annual levy on expensive properties - two proposals central to the Liberal Democrats' plans.

Linda Woodall, the head of investment intermediaries at the Financial Services Authority (FSA), has admitted there is an "ongoing underlying tension" between advisers and the regulator, but claims this is "as it should be".

Suffolk Life has reached £5 billion assets under administration for the first time.

A barrister representing advisers fighting the Financial Services Compensation Scheme (FSCS) over Lifemark compensation has insisted the products were not high risk.

The Personal Finance Society's paper on VAT and Adviser Charging contains a "significant error" and must be "urgently revised", warns a pension expert.

Advisory firm Moneygate has received a cash injection of £18m with which it hopes to buy approximately 25 companies, according to reports.

Barclays has restructured its investment banking arm in an effort to cut costs and limit further reputational damage following the LIBOR scandal.

The Financial Services Authority (FSA) is consulting on a change to its adviser charging rules to ensure advisory firms do not receive any kick-back payments from discretionary investment managers (DIMs) in exchange for recommending their services.

The Institute of Financial Planning (IFP) has warned the government that the threat of retrospective regulation is preventing advisers from recommending enterprise investment schemes (EIS) to clients.