The 400-day problem, solved

The Financial Conduct Authority (FCA) is to investigate the activities of the former operators of the Connaught Income Series 1 fund, Capita Financial Managers and Blue Gate Capital.

Restricted advice group Towry is evaluating its house view on structured products and investment trusts following its acquisition of national IFA Ashcourt Rowan, in a move which could see the combined business registered as independent.

Adviser firm consolidator AFH Financial Group has acquired the assets of CIB Wealth Management, including its five advisers and principal, in a deal worth up to £973,000.

Shares in wealth management group St James's Place (SJP) rose almost 5% in early trading on Wednesday, after it reported a near-30% rise in profits last year despite a negative contribution from its distribution business.

The government has sold a further £500m of Lloyds Banking Group shares through a trading plan launched in December, taking the total amount of money recovered for the taxpayer from the bank to just under £8bn.

Investment and financial planning businesses Jonathanfry and Easby Gale and Phillipson (EG&P) have completed a merger to form a company running £700m of clients' funds.

Retirees will have little comeback if they receive poor guidance outside of the Treasury's Pension Wise service, lawyers have warned.

Inflation fell to 0.3% in January, the lowest level ever recorded, as price growth continued to slump on the back of falling oil prices.

Carbon Financial Partners took home the inaugural Adviser Firm of the Year (UK) trophy at the 2015 Professional Adviser Awards, which recognises excellence across adviser firms, providers, platforms and asset managers.