Old Mutual Wealth has appointed former Rathbone Brothers chief executive Andy Pomfret as a non-executive director.

Cofunds is planning to review the language of a client letter after an adviser slammed its 'provider speak'.

A top regulatory lawyer has warned the Financial Conduct Authority (FCA) could eventually ban all forms of corporate entertainment by asset managers.

Challenger bank Virgin Money has announced plans for an initial public offering this month, committing to a progressive dividend policy in the process.

Vanguard has expanded its exchange-traded fund range with four funds offering exposure to the UK, European and developed world equity markets.

RBS expects to "significantly outperform" its estimates for dealing with impaired loans in 2014, according to a trading update.

Tesco has created £2.5bn in credit reserves as senior management seek to deal with a £250m accounting error, falling shares, and the potential for ratings downgrades.

Fund groups should be wary of using performance fees within their products to incentivise managers, Jupiter's vice chairman has warned.

UK investors back challenger banks

"Ostrich" investors who buy equities and ignore the risks may find their "day in the sun" is soon over, the managers of Ruffer investment company have warned.