The point at which people start paying income tax will be increased to £9,205 from April next year, George Osborne announced in today's Budget.

Life settlements fund EEA has written to shareholders of the suspended traded life policy investments (TPLI) fund, ahead of an FSA consultation on the asset class.

Restrictive covenants in advisers' employment contracts will continue to be enforced despite Towry's High Court loss, according to the law firm that represented Raymond James.

Collegiate Underwriting has announced a professional indemnity insurance (PII) deal for IFAs, which freezes rates for two years.

SANTS DEPARTURE

Hector Sants is to quit the FSA in the summer, and will not become deputy governor of the Bank of England or CEO of the Prudential Regulation Authority.

Standard Life has become one of the first providers to begin moving its transfer process entirely online.

Towry has announced its chairman Glyn Jones will be stepping down with immediate effect.

The Association of Independent Financial Advisers (AIFA) has written to George Osborne ahead of the proposed changes to pensions tax relief in next week's Budget.

A Goldman Sachs executive has quit after criticising the "toxic" and "destructive" culture at the investment bank.