News

Wealth management group and consolidator Succession has acquired LRH Wealth Management for £3m and outlined plans to buy a further nine firms this year.

Eighteen websites have been suspended and arrests made during a campaign, being revamped on Thursday, against pensions liberation schemes.

Wealth manager Rathbone Brothers has agreed to pay £15m as part of a conditional settlement to end a two-year dispute involving a former director which has already cost it £5m in legal fees.

Brooks Macdonald said today it will complete a deal to buy risk-adjusted funds house Levitas Investment Management "imminently" after reporting another jump in discretionary assets under management.

Invesco Pereptual's chief economist John Greenwood has sounded a warning on the Eurozone, predicting GDP and inflation will both undershoot their already low targets.

Fidelity Worldwide Investment has launched an at-retirement service ahead of the deadline for implementing the new flexibilities for defined contribution (DC) members next April.

The Financial Conduct Authority (FCA) has used its suspension power for the first time to ban two of the Financial group's subsidiaries, network Financial and separate firm Investments, from recruiting new appointed representatives (ARs).

The Financial Conduct Authority has launched a consultation which may lead to early removal of the requirement for companies to publish interim management statements.

Wealth manager Brewin Dolphin reported inflows of £300m in the second quarter of 2014.

Closed life consolidator Phoenix has comprehensively refinanced its debt to strengthen its balance sheet and better support its growth plans.