Wealth managers

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.