Wealth manager agrees to buy Midlands firm
A major review into consumer access to the financial advice market has been launched by HM Treasury and the Financial Conduct Authority (FCA).
Charles Stanley saw total funds under management and administration increase from £20.1bn to £20.8bn for the year to the end of June.
Hargreaves Lansdown has agreed to acquire £370m of assets from J.P. Morgan Asset Management for an undisclosed amount, as the latter ceases to offer certain direct investments to individual clients.
UK wealth management firms would see more benefit from an interest rate rise than any other companies in the financial sector, according to research from Liberum Capital.
Bulking up and diversifying out
Another person has been jailed for his role in running a "subtle and cruel" unauthorised collective investment scheme (UCIS) which lost investors a total of £4.3m.
The Investment Association (IA) has reopened discussions with members over how to reorganise its sector classification system after an initial consultation proved inconclusive.
Some of the UK's largest asset management firms are preparing to quit their London bases if the country votes to leave the European Union, according to reports.
The Financial Conduct Authority's (FCA) former director of supervision is joining the board of J.P. Morgan's international private bank as a non-executive director.
The Financial Conduct Authority (FCA) has published a paper clarifying its stance on how advisers will be held liable when dealing with insistent clients.
The Financial Conduct Authority (FCA) has looked east for its new head of enforcement, bringing in the man who currently heads up the same division for the Hong Kong regulator.
Lloyds Banking Group has been hit with a record £117m fine by the Financial Conduct Authority for mishandling of payment protection product complaints.
Odey Asset Management has blasted a bid for trading platform Plus500, the second largest holding on James Hanbury's CF Odey Absolute Return fund, calling the move "opportunistic".
Financial Conduct Authority chief Martin Wheatley has supported the asset management industry's claim that it does not pose a threat to financial stability.
HSBC has confirmed it is planning to cut up to 25,000 jobs, including 8,000 posts in the UK, to target annual savings of up to $5bn (£3.3.bn).
Eight men have been convicted for their roles running an unauthorised investment scheme which lost 110 investors more than £4.3m.
Some of the largest British banks have launched a review to determine whether allegedly corrupt payments involving football officials have passed through their books.
HMRC has said it will pursue users and promoters of an "aggressive" tax avoidance scheme run by high flying recruitment business Anderson Group.
The Financial Conduct Authority (FCA) could up the amount of easily accessible cash advisers have to hold a percentage of their yearly investment advice earnings, in a bid to stop firms failing in the face of a "normal" level of complaints.
The Investment Association (IA) is considering campaigning for corporate pay reform, according to Sky News.
Stewart Ford is seeking £650m in damages from the financial regulator and auditor PricewaterhouseCoopers (PwC) for "causing" the collapse of Keydata, the investment firm he founded and which attracted almost £500m of investors' capital.
The Financial Conduct Authority (FCA) is seeking to fine former Keydata chief executive Stewart Ford £75m and ban him from any role in financial services for failings related to the investments' sales and, ultimately, failure.
The Wealth Management Association (WMA) has attacked the "failure" of the RDR to clearly define 'independent' advisers and suggested MiFID II's description would be a better suggestion.