News

St. James's Place has not held talks with Lloyds over a stake reduction or sale, according to Reuters.

Lloyds will exit the Government's Asset Protection Scheme (APS), reducing the capital risk faced by taxpayers by over £300bn.

Royal Bank of Scotland (RBS) and Lloyds have both agreed to defer bonuses in return for an additional £40bn of taxpayers' money as part of a deal with the Government that will break up two of Britain's biggest lenders.

Former Maia Capital partner Chris Ralph has joined St. James's Place in the newly created position of CIO.

Skandia is closing nine of its regional offices as the company looks to centralise operations and set up a new adviser centre.

A £500m UK residential property fund has been launched to help first-time buyers raise a deposit to buy their first property.

Property Investment Plan is launching a series of free property workshops for IFAs across the UK.

An FSA-led review of the Financial Services Compensation Scheme (FSCS) will include an assessment of the composition of classes and sub-classes as well as the annual thresholds each class can be asked to pay, the regulator has confirmed.

Two ex-employees of mortgage packager BDS Mortgage Group have formed a solution to help brokers increase their sales opportunities.

Aviva Investors has added a discretionary dilution levy fee to its Isa wrapper following a switch in the fund's administrators in September.