Barclays head of compliance Hector Sants is taking a leave of absence due to a diagnosis of stress and exhaustion.

Simplybiz has bought back Standard Life's 10% share in the group for an undisclosed sum.

Cofunds's former marketing director Verona Smith has joined Seven Investment Management (7IM) as head of platform.

St James's Place has selected IFDS to administer its protection, investments, pensions and collectives business.

Assets under management held by UK fund managers hit a record high of £5.4trn by the end of 2012, with more than a third of funds originating from overseas clients, new research has revealed.

Fidelity FundsNetwork has told advisers it has no plans to switch off trail commission before the 2016 deadline.

Advisers and consumers should ask ‘critical questions' about whether the experience of using platforms justifies the additional costs and complexities involved, according to Bruce Moss, founder and strategy director at eValue.

Wrap platform Novia has said it will no longer accept cash rebates on new or legacy business from April 2014.

Sheila Nicoll, former FSA director of conduct policy, has joined Ernst & Young's asset management practice as a senior adviser.

The Bank of England (BoE)has elected to hold the base rate at 0.5% and maintain the size of its quantitative easing (QE) programme at £375bn.