IFA

Regulation

Hargreaves Lansdown has selected Smith & Williamson and Brooks Macdonald as its preferred partners for bespoke discretionary asset management services.

EEA has told any investors unhappy with their holdings in the group's life settlements fund to consider making claims against financial advisers, and not to pursue the fund group itself.

UK IFAs are among hundreds of creditors facing severe losses in a £60m investment scheme marketed as low risk but "tainted with illegality", according to the firm's liquidators.

Natixis Global Asset Management has expanded its London-based portfolio research and consulting group.

IFA business County Life & Pensions and investment manager Blacksquare are to be acquired by Tavistock Investments as part of its plans to assemble a national financial services business.

Financial advisory businesses will contribute £68m to the Financial Conduct Authority's funding requirement for 2014-2015, a near-19% reduction on last year following a re-working of the regulator's fee blocks.

Brown Shipley has promoted Kevin Doran to chief investment officer after Peter Botham moved across to a new role focusing on the company's IFA business.

IFA and discretionary wealth manager AFH Financial Group plans to list on the AIM market of the London Stock Exchange as it eyes future expansion.

Financial advisers' preference for multi-asset funds marks the "biggest cyclical change for 30 years", an Allianz Global Investors retail sales head has said.