A second tax adviser working for the Vantis Tax group was today jailed for four years for his part in a £70m tax fraud.

Parts of the self-invested personal pension (SIPP) industry would have been left "dented and bruised" by yesterday's Financial Services Authority damning thematic review, Suffolk Life has said.

Self-invested personal pension (SIPP) providers involved in unregulated collective investment schemes (UCIS) have again been warned about their suitability by the Financial Services Authority (FSA).

A fifth of people approaching retirement will suffer large income falls and should expect to have to rely on savings and inheritances when they stop working, a report has found.

AJ Bell has outlined its plan to overhaul the income drawdown regime to make it fairer for consumers.

Who moved where in another busy week in financial services?

An adviser who skimmed £500,000 from wealthy clients' funds and pocketed the interest has been jailed for five years.

The Financial Services Authority's report into the collapse of Halifax Bank of Scotland (HBOS) is not likely to appear until at least next summer, according to the Independent.

Curtis Banks has bought Alliance Trust Savings full self-invested personal pension (SIPP) book, made up of 6,000 plans worth about £3bn.

An inexperienced director who fabricated elements of her CV has been blocked from buying Financial Services Authority (FSA) authorised firm Think Finance.