News
FCA fines JP Morgan International Bank £3m over advice failings
The Financial Conduct Authority has fined JP Morgan International Bank £3.1 million for systems and controls failings relating to its provision of retail investment advice and portfolio investment services.
Fund managers caught out by timing of SJP stake sale
Star fund managers have expressed mixed reactions to the placing of shares in St James's Place, just before a fall in the market
Aegon moves platform admin away from Novia and goes in-house
Aegon has moved the administration of its Aegon Retirement Choices platform in-house and away from its platform partner Novia.
Gov't credits 45p rate as income tax raises an extra £1.3bn
The Treasury has raised an extra £1.3 billion from income tax in the first month since chancellor George Osborne cut the 50p tax rate to 45p for higher earners.
'Keep calm and carry on' as FTSE tumbles 2%
Has the correction begun or is this a breather? Experts say today's slide in the FTSE 100 is an over-reaction to US and China news.
Lloyds raises £450m from sale of further 15% stake in SJP
Lloyds Banking Group has raised around £450 million from the sale of a further 15% stake in restricted advice group St James's Place.
Cofunds chairman Eppinger steps down as L&G completes takeover
Cofunds chairman Charlie Eppinger has stepped down following Legal & General completing its takeover of the platform.
BlackRock's Credit Suisse ETF deal faces further delay from OFT
BlackRock’s planned takeover of Credit Suisse’s exchange traded fund business faces a further 10 day delay after the Office of Fair Trading said it needed more time to assess the deal.
Overnight Markets: Wall Street falls on stimulus concerns
Shares decline after concern increased the Fed will scale back its stimulus efforts if the labour market continues to improve.
Thursday Papers: IMF urges Osborne to spend on big projects
And CWC leaves London and 140 years of history for new life in Florida.
Epoch sets its sights on charitable sector
Bath-based Epoch Wealth Management has promoted local sport charity boss Richard Barrington to run its operations as it targets more business from the voluntary sector.
Critchleys launches private client arm
Oxford-based Critchleys Financial Planning has teamed up with parent company Critchleys Chartered Accountants to launch a private client division aimed at investors with £700,000 of assets.
Citywire Top Stocks Daily News Digest
All the news from across the web about the companies featured in Citywire's Top Stocks.
FTSE rises as Bernanke keeps his foot on the QE pedal
(Update) Markets rally and the FTSE 100 hits a new 13-year high after the head of the US central bank vows to keep on printing money.
Lloyds to sell further 15% stake in SJP
Lloyds Banking Group has announced it will sell a further 15% stake in St James’s Place.
LGIM hires head of asset allocation
Legal & General Investment Management (LGIM) has appointed Emiel van den Heiligenberg as head of asset allocation.
FundsNetwork steps up clean share class drive
Fidelity FundsNetwork has set a deadline of June by which to have clean shares class versions of 95% of all the funds on its platform.
Ex-IFA loses legal battle against FOS pension advice ruling
A former adviser has lost his legal battle to overturn an Ombudsman decision forcing him to pay out nearly £50,000 for unsuitable pension advice.
AXA Wealth extends adviser charging option for offshore bond range
In December 2012 AXA Wealth International announced it could facilitate adviser charging from inside and outside the bond on its offshore products Evolution, Estate Planning Bond and International Portfolio Bond.
Vanguard boosts ETF range with low-cost product suite
Vanguard Asset Management has launched four exchange traded funds (ETFs) providing low-cost exposure to global equity markets.