Investec is to close it direct to consumer Click & Invest online arm after operating losses topped a total of £25m over the past two years.
Bristol-based investment provider and Financial Planner Hargreaves Lansdown has reported its number of active clients has reached 1,188,000 - up 53,000 on the previous trading period and up nearly 100,000 in the past 12 months.
Advised investors in the UK are outperforming DIY investors by more than 25% a year, according to a survey by a fund manager.
Claims management companies and law firms are submitting two thirds of all SIPP complaints - double the percentage seen in the previous year, according to Financial Ombudsman Service (FOS) figures out today.
The average inheritance tax bill reached almost £200,000 in the last tax year - up £60,000 in five years, according to analysis of HMRC receipts by financial advice firm and insurer NFU Mutual.
A private wealth management expert has said he believes that the wealth management industry is “broken.”
Asset managers gathered at the CFA Institute at London’s ExCel today got a glimpse into the future with a presentation on the latest technological solutions.
Fidelity CEO Anne Richards warned of a number of threats to capitalism in a wide-ranging speech at the CFA Institute Annual Conference in London this morning.
Financial advice firms are doing better at narrowing the gender pay gap than many other financial services firms, according to analysis by the Chartered Insurance Institute.
CFA UK, the professional body for Chartered Financial Analysts, is to launch of a new qualification in ESG (Environmental, Social and Governance) investing which will be available to investment professionals later this year.