Wealth and investment manager Brooks Macdonald has today reported net outflows of £70m for the first quarter of its financial year ended 30 September.

Protection provider Core Cover Ltd (FRN: 774068) has been declared as failed by the Financial Services Compensation Scheme.

Wealth manager Charles Stanley will manage a mandate in Financial Planner Fairstone’s model portfolio service proposition.

The UK economy returned to growth in August, with a 0.2% increase in GDP, according to figures released by the Office for National Statistics (ONS) this morning.

The Financial Conduct Authority has fined former Barclays CEO James Staley £1.8m and banned him from holding a senior management or influence function in the financial services sector.

The Financial Services Compensation Scheme has declared Cavendish Incorporated Ltd (FRN: 942176) as in default, opening the door for consumer claims against the firm.

The Capital Gains Tax (CGT) collected from trusts has grown by 27% to £1bn over the past year, according to data released by HMRC this month.

Financial Planner and wealth manager Quilter has added an 'App Hub' to its platform.

St James's Place, one of the UK’s largest wealth managers, suffered a 21% drop in its share price at one point today after announcing a review of its much-criticised fees and charges.

Emma Hall FPFS, a Chartered Financial Planner at Bristol-based 75point3, has won the prestigious Personal Finance Society (PFS) Chartered Financial Planner of the Year award.