Alliance Trust Savings (ATS) has turned its first monthly profit, according to accounts filed today.

Advisory group Paradigm Partners has shelved plans to run its investment joint venture with Henderson.

Lloyds Banking Group has put a 20% stake in wealth manager St James's Place (SJP) up for sale.

Aegon has said a drive to clean share classes represents the "only way forward" for an industry reeling from a proposal to replace cash rebates with unit rebates.

Adviser firm Informed Choice has appointed Fidelity FundsNetwork to run its direct to consumer (D2C) platform, IC Direct.

Graham Bentley has quit Skandia in the fallout from the group's merger with Old Mutual.

FIVE THINGS

Standard Life is investigating an error that has left thousands of advisers being quoted inflated fund prices on a number of platforms.

Consultancy The Platforum has dismissed speculation the Financial Services Authority (FSA) is set to ban unit rebates as part of its platform paper.

The Financial Services Authority (FSA) has criticised an independent consultant appointed to review the Arch Cru funds for banned adviser Stephen Danner.