PIMFA, which represents 1,000 UK wealth managers and and financial advisers, has appointed three new board members.

A new report by independent fund research firm Fitz Partners has given an insight into the level of investment advisory fees charged by asset managers.  

Goldman Sachs is to launch a consumer bank in the UK, with what is believed to be the highest interest rate in the country.

Asset management firm GAM has suspended of an investment director following an internal investigation into risk management procedures and record keeping.