News by: Alex Steger
China’s economy grew by 7.4% in the first quarter of 2014, ahead of expectations.
Discount broker Hargreaves Lansdown saw net inflows hit a record £1.83 billion in the three months ending 31 March 2014, with overall assets rising to £45.7 billion.
The Financial Conduct Authority has issued a warning to unauthorised investment firms following a court victory against an illegal land bank.
Around 63% of consumers plan to seek independent financial advice at retirement as a result of changes to the pensions regime announced in the Budget, according to research by consultants PricewaterhouseCoopers.
Brooks Macdonald has acquired a Jersey-based wealth manager DPZ Capital .
Complaints against financial firms have fallen by 15% according to the Financial Conduct Authority (FCA).
Specialist annuity provider Partnership has written to shareholders in a bid to reassure them over the impact of the government’s proposed pensions reform.
Pensions minister Steve Webb has backed the Financial Conduct Authority’s planned review into closed-book life policies outlined last week in its Risk Outlook paper.
Ashcourt Rowan has completed the acquisition of national advice firm UK Wealth Management, boosting its assets to more than £5 billion.
Wrap platform Transact has posted a pre-tax profit of £16.9 million for the year ended 30 September 2013, up by £2.2 million on the £14.7 million profit it made in the previous year.
The M&G bond fund manager was the mystery recipient of a £17.5 million pay reward, according to Sky News.
Wealth manager Rathbones has acquired Jupiter Asset Management’s private client and charity arms for £43.1 million.