News

Nottingham-based high net worth IFA Arden Court Group is to be acquired by discretionary wealth manager AFH Financial for an initial consideration of £362,000.

An irate adviser has said the latest FSCS interim levy is tantamount to mafia-style "extortion" and thinks clients - not advisers - should pay for firms' failures through an investment warranty.

The Association of Independent Financial Advisers (AIFA) has hit out at "spiralling" fee rises from the Financial Services Authority (FSA), Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS).

Standard Life has appointed Vanguard Asset Management to manage its range of 15 tracker funds.

The Pensions Ombudsman has ruled against a complainant who argued part of his pension should be classified as defined contribution to protect it from Pension Protection Fund reductions.

Defined benefit payouts will peak this year before tailing off as the impact of scheme closures is felt, the Department for Work and Pensions says.

Angela Knight is to step down as chief executive of the British Bankers' Association (BBA) this summer.

The investment management sector's low reported levels of compliance spending are "hard to believe", according to a quarterly survey from the CBI and PwC.

Perspective Financial Group has acquired Surrey-based advisory firm Financial Connection.

Skandia is launching its unbundled platform model in the fourth quarter of 2012, along with an adviser charging structure designed to accommodate different fee types.