The FCA has today fined Bank of Scotland (BOS) £45.5m for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based Impaired Assets (IAR) team of Halifax Bank of Scotland.

Quilter Private Client Advisers has revealed the acquisition of three Financial Planning businesses.

The Bank of England has maintained interest rates at 0.75%.

National Financial Planning group Perspective has hired Kevin Homfray as acquisitions director.

IFA firm Chase de Vere has expanded its personal injury team in Yorkshire.

STM Group raked in £2.7m in profits from its acquisition of Carey Pensions earlier this year in what it classed as a bargain purchase.

Wealth planning firm Brown Shipley has revealed it is to acquire NW Brown & Co Limited, a wealth manager based in Cambridge with an additional office in Norwich. 

Private bank Nedbank has appointed a new head of wealth planning.

Invesco has revealed that it plans to launch the UK’s first Model Portfolio Service to utilise Intelliflo’s integrated Model Portfolio technology. 

Royal London has hired experienced industry executive Barry O’Dwyer to be its new group chief executive from September.