News

BP has raised its dividend by 12.5% to 9c a share, but reported a fall in profits in the third quarter.

Lothar Mentel, former Octopus chief investment officer, has joined advisory group Paradigm as CIO of its new investment management venture, Tatton Investment Management.

A care home group is suing Barclays for £37m over the rigging of LIBOR in a landmark case which could force the bank to disclose the names of managers involved in the scandal.

The Financial Services Authority (FSA) is to set the income threshold under which firms will only have to pay the minimum annual fee at £100,000.

More 2 Life has launched the first equity release product to address the "mortgage time bomb" of people paying interest-only loans into retirement.

The deadline for Arch Cru investors to accept payments from a £54m scheme set up by Capita and the funds' depositories has been delayed by 12 months until 31 December 2013.

Brett Williams, the former head of platform giants Skandia and Cofunds, has moved into the enterprise investment scheme (EIS) market with a series of launches through his new venture Old Burlington Investments (OBI).

Standard Life has added flexible drawdown as a feature on its SIPP propositions and rolled out a new range of drawdown funds.

Her Majesty's Revenue & Customs (HMRC) is this week to begin issuing about one million notifications to households about forthcoming changes to child benefit payments.

The advisory arm of Merchant House Group has moved to reduce the number of "low profit" advisers operating across the business ahead of the implementation of the Retail Distribution Review (RDR).