News

Following reports that Skandia is in talks to buy a share in Caerus Wealth, chief executive, Keith Carby, has insisted to IFAonline that the management at Caerus is "not in exit mode".

The Association of Independent Financial Advisers (AIFA) recorded a deficit of almost £154,000 in 2011/12.

Cheshire-based financial advisory group Perspective is understood to have put itself up for sale ahead of the Retail Distribution Review (RDR).

UK dividend payments hit another record high in Q3 2012, the latest figures from Capita have revealed, although the mood was soured somewhat as it warned it will be "much harder" to make progress in 2013.

An adviser who skimmed £500,000 from wealthy clients' funds and pocketed the interest has been jailed for five years.

Nationwide is considering making a bid for the 316 bank branches that Royal Bank of Scotland has been forced to sell, according to reports.

The double-dip recession which has plagued the UK for the first half of 2012 should officially end later this week, economists are predicting, as the impact of the Olympics and the Jubilee kick-in.

The Financial Services Authority's report into the collapse of Halifax Bank of Scotland (HBOS) is not likely to appear until at least next summer, according to the Independent.

The total number of consumers employing independent advisers has passed the number seeking advice from their bank, according to comparison website VouchedFor.

The gap between the amount men and women are saving for retirement could grow to a ‘record high' of almost £30,000, according to Scottish Widows.