News

Martin Wheatley, head of Hong Kong's financial regulatory body, has emerged as a leading candidate to head the Consumer Protection and Markets Authority (CPMA) when it is spun out of the FSA next year, according to reports.

Facebook will disclose extensive financial information or go public by early 2012 following a $2bn private fund-raising which values the social networking site at $50bn, according to people close to the situation.

Skandia has launched a series of online videos designed to help advisers with client segmentation and explain platforms to clients.

Paul Carne has altered the European equity holdings in his £314m multi-manager Lifestyle range, cutting three funds including Cazenove's Chris Rice.

HM Revenue & Customs (HMRC) has alerted businesses of the need to file company tax returns and corporation tax payments (CT) electronically.

Protection advice drove only 4% of people who sought out an IFA last year, according to results from Unbiased.

MP Mark Garnier has pledged to "pick up the baton and run with it" on the reintroduction of a 15 year long-stop for advisers, starting with lobbying the influential Treasury Select Committee (TSC) on which he sits.

Troubled building society Norwich & Peterborough (N&P) has admitted its advisers gave "inappropriate" advice to a customer who invested the bulk of their SIPP in Keydata, in a case lawyers involved say mirrors dozens of other claims.

Novia has recruited Pippa Russell as head of corporate communications.

Perspective Financial Group has made its 20th acquisition with the purchase of Leedham Independent Financial Advisers.