News

Skandia, one of the UK's largest platforms, has reported a £2m profit in 2012 following a surge in funds under management of 20%.

Brussels is to curb bankers' bonuses from next year in a major blow to the City and the government.

The global economic recovery will slow this year unless the US averts $85bn (£56bn) in spending cuts that start today, the International Monetary Fund has said.

Lloyds Banking Group has narrowed its losses for 2012 to £570m, from £3.5bn the previous year.

Nucleus has passed £5bn assets under administration (AUA) on its platform.

St James's Place has hit out at firms recommending unregulated investments after its payments to the Financial Services Compensation Scheme (FSCS) doubled in 2012.

The trader suspended from GLG amid a Financial Services Authority (FSA) insider dealing probe worked on co-founder Pierre Lagrange's European long/short fund, Investment Week can reveal.

The Financial Services Authority (FSA) has published its answers to another batch of advisers' questions on the Retail Distribution Review from its recent events...

True Potential's head of group compliance, Charles Jackson, has left the firm after just five months in the role.

Annuity specialist MGM Advantage, a mutual society, has been sold to private equity firm TDR Capital.