Industry

Quilter has signed an agreement with Cheviot Asset Management that will see the two businesses merge by the end of the year.

Barclays has appointed Rory Tobin, former head of iShares International, to work on reviewing the group's asset management arm.

Fund of funds accounted for a record level of funds under management at the end of Q3 this year, according to the IMA, up 18% compared to the same quarter last year.

Lothar Mentel, former Octopus chief investment officer, has joined advisory group Paradigm as CIO of its new investment management venture, Tatton Investment Management.

The Bank of England's Monetary Policy Committee is split over whether to commit to further quantitative easing, according to minutes from this month's meeting.

Paul Feeney, chief executive of Old Mutual Wealth Management, said the firm is aiming to become the number one wealth manager in the UK, following its merger with Skandia.

Former Legal & General chief executive Tim Breedon is set to join the board of Barclays as a non-executive director.

Hargreaves Lansdown is set to reveal a new pricing structure to reflect changes brought about by the Retail Distribution Review (RDR), as it reported record revenues for the three months to the end of September.

Goldman Sachs' internal investigation into allegations made by a former employee of a "toxic environment" within the bank has found little evidence to support the accusations.

Wealth manager Rathbone Brothers has acquired an almost 20% holding in Vision Independent Financial Planning and sister company Castle Investment Solutions for £2m, with a view to buying the remainder of the companies in 2015.