Tens of thousands more families are set to pay the high income child benefit charge (HICBC) over the next three years, new figures have revealed. HMRC’s official forecasts show that the number of ...

The moves, while mostly promotions from within the company, sees a real change at the top level management within the firm ...

The Serious Fraud Office (SFO) has secured a 10-month sentence, suspended for two years, for former London Capital & Finance (LCF) chief executive Michael Thomson, following his breaching of a ...

Digital wealth manager Moneyfarm has raised £44.1m ($59.5m, €52.8m) in its latest funding round. The capital increase was led by M&G and included postal service provider Poste Italiane, which has been ...

Aviva has agreed to sell its French operation to Aéma Groupe for €3.2bn (£2.76bn, $3.89bn). The transaction covers the French life, general insurance, and asset management businesses and the 75% ...

UK life and pensions consolidator Chesnara has struck a deal with HSBC Bank to acquire its protection and investment bond arm HSBC Life UK for £260m. HSBC Life UK has eligible own funds of £314m and ...

UK wealth management and financial planning group Succession Wealth has bought Edinburgh-based IFA business Spence & Spence for an undisclosed sum. The deal is subject to regulatory approval. Founded ...

Swiss banking giant Credit Suisse is unifying its wealth management operations into a single global division. This is part of the bank’s plan to revamp its business structure and divert away from ...

The Isle of Man based company, which is part of the Thomas Miller Group, said Thomas has joined the company at “a period of significant business growth for the company on the back of good investment ...

Seven months after he was personally handed a ZAR 2.5m (£123,000, $148,000, €140,000) penalty and debarred for a period of five years by the South Africa financial watchdog, DeVere Group chief ...

Investment platform Morningstar Wealth has partnered with model portfolio service (MPS) platform Mabel Insights to provide advisers with comprehensive data on its seven MPS portfolio ranges. The firms ...

The number of complaints made to the Financial Ombudsman Service (FOS) about St James’s Place (SJP) increased by 194% year-on-year, new data shows. The wealth manager saw 1,426 complaints made about ...