Members of life and pensions mutual Royal London have agreed to proposals to acquire the life insurance and asset management businesses of the Co-operative Banking Group.

Legacy commission still accounted for more than half of adviser income at end of March, according to research released today.

The number of financial advisers with chartered status has increased 24% year on year, according to a document released by the Chartered Institute of Insurance (CII) today.

The Financial Conduct Authority (FCA) has fined J.P. Morgan International Bank Limited (JPMIB) £3,076,200 after identifying a series of failings within its wealth management business.

Morningstar has launched a managed portfolio service for advisers, offering access to five risk/reward profiles.

The Financial Services Authority (FSA) was ineffective in its role as overseer of the financial services sector because it failed to deliver a good balance of 'prudential' and 'conduct' regulation, according to the chief executive of the Prudential Regulation...

The Financial Conduct Authority (FCA) has charged two men with promoting and marketing an unauthorised investment scheme.

Banking giant HSBC has proposed reducing staff numbers by 1,149 as part of a restructure of its wealth business.

Aviva is to reduce its staff numbers by 2,000 over the next six months - a 6% reduction of its global workforce.

Santander has confirmed it has pulled out of the investment advice market resulting in the loss of 724 jobs.