The private equity firms eyeing wrap provider Transact have withdrawn their approaches, Professional Adviser's sister title Investment Week understands.

The departure of star managers may have hidden costs for investors "stampeding" for the exit, a wealth manager has warned.

Old Mutual Wealth, the UK's third largest adviser platform with funds under administration of £30bn, will begin bulk converting any remaining clients in bundled share classes to unbundled in February 2015.

Nucleus has boosted assets under administration by 25% year-on-year in the third quarter after a strong summer for gross inflows.

Investors wishing to move from direct-to-consumer to adviser platforms face "punitive" exit fees, according to analysis by the lang cat.

Association of British Insurers (ABI) director general Otto Thoresen is to step down in 2015 to chair the National Employment Savings Trust (NEST).

Morningstar has appointed former Kleinwort Benson chief investment officer Jeremy Beckwith to lead its UK manager research team.

European Wealth has acquired two firms in order to boost its onshore and offshore wealth management services.

Bank of England policymakers expect inflation to fall below 1% over the next six months, according to the latest quarterly Inflation Report.

Friends Life may offer multi-asset funds when it launches its retail platform in April next year, its chief executive has confirmed.