HSBC is to convert its whole-of-market advisory proposition into a restricted advice model next year, Investment Week understands.
Merchant House chief executive Christopher Day has stepped down with immediate effect.
The Association of Independent Financial Advisers (AIFA) recorded a deficit of almost £154,000 in 2011/12.
RESTRICTED OR DIE?
Independent financial adviser Paradigm Group is to launch an asset management business offering discretionary fund management services.
Lloyds Banking Group (LBG) will no longer offer a mass market investment advice service for clients with less than £100,000 to invest.
Zurich is to cut 200 jobs from across its UK Life business.
Ken Edwards, the well-known IFA sales head who retired from Baillie Gifford in 2011, has joined Enterprise Investment Scheme (EIS) provider Calculus Capital.
A former tied adviser who defrauded a friend out of £22,000, pocketing £10,000 for himself, has escaped jail but must repay the money.
An independent financial adviser is spearheading a campaign to revive trust in financial services, after warning the situation had reached a "crisis point".
Asset management and advisory group Ashcourt Rowan has narrowed its losses after implementing a programme of cost savings following a strategic review of the business.
Financial adviser Lighthouse Group has announced it plans to de-list from AIM.
The IFA label represents an "irretrievably damaged brand" and should be "consigned to history", according to a pensions report released today.
Twenty three awards and 24 winners, but only one Paul Daniels and Debbie McGee...