News by: Danielle Levy
Towry chief Andrew Fisher is to leave and will be replaced by Prudential UK head Rob Devey.
Hargreaves Lansdown's revenue rose 8% over the past nine months as the group transitioned for RDR rules.
Post-RDR consultancy and IT costs have weighed on profitability at the wealth management group.
Thurleigh founder Charles MacKinnon said there was no ‘burning building’, with the deal motivated bya three to five-year view on regulation.
A study by Pershing reveals that wealthy clients understand the outcomes of the RDR but view advice as more expensive since the regulation was introduced.
Over a fifth of wealthy clients are considering switching adviser or wealth manager since the introduction of the far-reaching regulation.
Brewin Dolphin’s research team will see another departure.
Brewin Dolphin’s decision to sue rival firm Charles Stanley has received backing from competitor CEOs. However, some have concerns about the broader fallout for the industry.
Royal Bank of Scotland has negotiated the removal of a barrier to dividend payments.
Asset manager Polar Capital has navigated a challenging quarter as assets breach the $13 billion mark.
The Co-op has suffered another high profile departure as senior independent director Lord Myners departs.
FCA data also revealed Barclays attracted the most complaints from its clients at a firm level.
Stanhope Capital hopes to grow Channel Islands' business with the appointment of David Nolan and Jonathan Overland.
City Financial is set to acquire Iveagh's funds business, with CIO Chris Wyllie moving over as part of the deal.
AXA Wealth has unveiled reduced charges for larger portfolios on its Elevate platform.
Ingenious Asset Management and Thurleigh are to join forces.
Glasgow boutique Castlebay was launched by former Barclays bankers David Ridland and David MacNeil
Prudential chief Tidjane Thiam was only the insurer’s third-highest paid employee, with 10 of its senior team awarded a total pot of £72 million.
Chancellor warns FCA that disciplinary action should follow the muddled way it revealed a probe into the insurance industry, as John Griffith-Jones responds
SandAire and Lord North Street will run as separate entities following their merger, as the new management takes its time over key decisions - including the name.
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