News

Colin Jelley has returned to Skandia as head of wealth planning following a brief stint at St James's Place (SJP).

The Financial Services Compensation Scheme (FSCS) will not compensate investors bringing claims against Rockingham Independent for allegedly negligent advice - meaning there will be no additional levy for advisers.

A Supreme Court victory for the Financial Services Authority (FSA) could result in the regulator becoming more litigious, according to law firm Taylor Wessing.

Royal Bank of Scotland has posted a pre-tax loss of £2.2bn in the fourth quarter, taking full year 2012 losses to £5.2bn, but despite the results the bank said the government is much closer to selling its stake.

St James's Place (SJP) saw profits rise 23% in 2012 compared with the previous year, thanks in part to higher income from funds under management, which again were a record for the business.

Jupiter Fund Management has announced a 13% increase in its total dividend for 2012, ahead of analyst expectations, as the group continues to strengthen its balance sheet.

Outsourcing giant Capita has made no further provision for Arch cru liabilities in its latest set of results.

The UK economy never experienced a 'double-dip' recession, if offshore oil figures are stripped out of the data, said Henderson Global Investors' economist Simon Ward.

Aberdeen's Bruce Stout, manager of the £1.4bn Murray International trust, has urged investors to diversify out of bonds to avoid heavy losses when central banks stop the printing presses.

Jupiter has been tipped as a likely winner in the asset manager space as the gap between those who receive advice and those who do not widens and pushes more consumers to self-invest.