News

Nucleus has boosted assets under administration by 25% year-on-year in the third quarter after a strong summer for gross inflows.

An action group set up to claw money back from the suspended traded life settlement fund EEA is urging investors to apply to redeem up to 5% of their shares, before the deadline of 28 November.

Vestra Wealth has hired four senior wealth managers specialising in high net worth, entrepreneurial and family clients.

The UK's challenge to overthrow banking bonus cap plans has been rejected by the EU Court of Justice.

Around 8,000 investors have put their name to a lawsuit claiming Lloyds misled shareholders ahead of the bank's acquisition of HBOS six years ago.

Financial Conduct Authority (FCA) technical specialist Rory Percival has said too many regulatory requirements concerning what charges need to be disclosed on investment and savings products make it difficult for advisers to compare costs.

Financial services group Walker Crips reported revenues increased by 12% in the six months to the end of September, but operating profit fell 50% compared to the same period last year.

Regulators have fined the Royal Bank of Scotland (RBS), NatWest and Ulster Bank £56m for IT failures which meant customers could not access banking services.

Neil Woodford has invested £16m in a US biotech company working on brain tumour treatment.

Kames Capital chief executive Martin Davis has hit out at a recent Consumer Panel report that was highly critical of the structure of fund charges as "over-simplistic" and another "rant".