A Peterborough-based Financial Planning business has been snapped up by a national advice group, it was announced this morning.

Bosses at Aberdeen Asset Management have reported a fall in assets under management of £41bn over the last 12 months and net outflows of £33.9 billion for the year up until September.

The £150,000 compensation limit the ombudsman can impose on finance firms could be increased after a review was launched today.

A new crowdfunding based ‘Innovative Finance ISA’ is ‘alarming’ and ‘muddies the waters’, the chief executive of an investment firm says.

Nearly nine out of ten financial services executives are concerned about losing top performers to other job opportunities in the next 12 months, a survey suggests.

A Financial Planning expert says the Autumn Statement will further dampen interest in buy to let among investors looking to use their pension savings.

There are ‘ominous’ signals over pensions tax relief that a ‘bloody nose’ is still to come despite the Chancellor’s silence on the subject yesterday, industry figures have warned.

Barclays Bank has escaped an £80.5m fine but still must pay £72,069,400 for “failing to minimise the risk that it may be used to facilitate financial crime” relating to a £1.88 billion transaction.

Changes to the timing of auto-enrolment announced today by the Chancellor will result in a £820m tax bonus for the Treasury, a retirement expert has estimated.

Employers will have to stump up for a new levy to pay for the Government’s Apprenticeships drive.