UK

RSM Tenon has been approached over a potential acquisition by accountancy firm Baker Tilly.

Former Scottish Widows Investment Partnership investment director and head of research, David Keir, has joined Saracen Fund Managers.

Two of Europe's oldest institutions, Berenberg and LGT Group, are combining to launch the first closed-ended fund investing solely in social impact investments in the UK.

Brooks Macdonald has reported 45% growth in discretionary funds under management for the year to June but warned the costs of investing in the business will drag on margins in 2014.

The Royal Bank of Scotland (RBS) has been fined £5,620,300 by the Financial Conduct Authority (FCA) for incorrectly reporting transactions it made in wholesale markets, and in some instances, failing to report transactions at all.

The next chief executive of state-backed lender Royal Bank of Scotland could be named next week, according to reports.

The UK needs about 5,000 extra financial advisers to cope with the rising demand for retirement advice, research from Standard Life concludes.

The Financial Conduct Authority (FCA) is preparing to restart its disciplinary action against Keydata founder Stewart Ford after his attempt to appeal a previous High Court ruling was quashed.

Asset managers are entering an era of fund rationalisation as cost pressures mark the beginning of the end for oversized product ranges, according to Threadneedle's Nick Ring.

Sustainable and well regulated growth in financial services could generate an additional 265,000 jobs and boost GDP by between 2% and 3% by 2020, a report from PwC has found.