News

Headline dividends more than halved in the first quarter of 2015, according to Capita, although it has revised up its annual forecast.

The start of 2015 has proved to be a busy few months for the wealth management space as firms make acquisitions, hires and expansion plans. Investment Week rounds up the stories you may have missed.

Close Brothers Asset Management has acquired financial planning firm Mackay Stewart & Brown.

A former J.P. Morgan investment adviser has been accused of stealing at least $20m from clients and using the money to trade on his own account and to pay off his mortgage.

Ernst & Young (EY) has paid $10m to settle claims it was negligent in it duty as auditor when it failed to raise the alarm when Lehman Brothers was heading towards collapse.

Wealth managers have been reducing allocation to equities in favour of convertible bonds as a hedge against volatility, following a strong run higher for equity markets.

Brewin Dolphin has been named as a prime candidate to join the wealth management M&A merry-go-round by broker Liberum Capital.

Ben Bernanke has become a senior adviser to a prominent US hedge fund, his first non-research role since leaving the US Federal Reserve.

International investors have begun selling out of UK gilt holdings on uncertainty over how Britain will manage its debt pile in the next parliament.

A former professional indemnity insurance broker has been banned by the regulator for giving forged evidence and lying to the High Court.