Connaught Asset Management and Tuita plc have both entered administration following the suspension of Connaught's three unregulated collective investment schemes (UCISs).

Voyant has released its new fact-find technology to its adviser clients, after a pilot on platform Axa Elevate.

Wealth adviser Towry has completed a £47.3m refinancing package with lenders Macquarie and Royal Bank of Scotland, in order to streamline the business ahead of a possible IPO.

IFA support group Tenet is offering its member advisers access to permanent professional indemnity insurance (PII) in what the group said was the first commercial deal of its kind.

VANILLA SIPP

Few investors would select to pay for financial advice based on a per-hour charge - or as a percentage of investible assets - research suggests.

The Government is considering replacing the current practice of increasing benefits in line with inflation, according to the BBC.

Zurich's retail platform is to launch in November following a 16-firm pilot.

Aegon has launched its corporate platform with a promise to reimburse 50% of employer contributions for the first three months.

The Financial Services Authority (FSA) is understood to be examining the contents of a letter sent out by an IFA suggesting clients wanting to switch pension provider do so ahead of the upcoming commission ban, because it would be cheaper for them.