annual results

National IFA Chase de Vere managed to claw its way back towards the black last year, but has been forced to set aside millions to deal with complaints from unhappy clients.

Support services provider Simplybiz has seen a 10% increase in profits in the first year post-Retail Distribution Review (RDR) while 2% of its members have left the industry.

Profits at financial services firm LEBC were up 38% last year, reaching £774,000 by September 2013, results show.

The Money Advise Service (MAS) has defied MPs' denunciation of its digital strategy by serving more online customers in the last year than "ever before" and surpassing satisfaction levels, according to its annual results published today.

Wealth manager Towry has been hit by a £2.1m payment for settling regulatory issues following talks with the Financial Conduct Authority (FCA), its accounts have shown.

Jupiter saw its assets under management hit a new record in 2013, driven by strong flows into several key funds.

Zurich Life has blamed a drop in its bond business on the impact of the Retail Distribution Review (RDR) - as it reveals a 42% fall in operating profits.

Advisory firm Skipton Financial Services (SFS) has set aside around £9m to cover costs associated with a review into its investment advice which identified documentation issues in a number of cases.

Parmenion Capital Partners has reported pre-tax profits of £568,000 for the year ending 31 March, up from £251,000 the previous year.

Regulatory reform costs of the former regulator, the Financial Services Authority (FSA) more than doubled in the last year of its operation and could in future be levied on firms, the FSA annual report has revealed today.