Fee-based IFA Money Wise is looking to recruit advisers after putting a full-year loss for 2013 down to its "sub-scale" branches.

IFG Group, which owns James Hay Partnership and high net worth IFA Saunderson House, has agreed to sell its Irish pension administration and advisory businesses for £10.8m.

Independent advisory firm Saunderson House, which charges for advice on a per-hour basis, posted a 6% increase in profits to more than £4m in 2013.

Equity release specialist Bower Retirement Services has set out plans to double its adviser force following an upturn in business volumes.

The Whitechurch Network spent more than £704,000 in 2013 settling claims related to advice given by its appointed representatives on Keydata and Arch Cru.

A simplified advice proposition its founder says is exhaustive enough to eliminate the need for face-to-face communication will charge clients about 1%.

Accountancy and advisory group Price Bailey could receive up to £1.2m from the sale of its £150m financial planning arm to IFA acquirer Bellpenny last year, though the final sum is expected to be marginally less.

National IFA Fairstone Financial Management - formerly Moneygate Financial Services - has sought the help of paraplanning outfit Para-Sols to build a bespoke support service for its advisers.

Discretionary fund manager Thomas Miller Investment extended its losses by almost £200,000 last year after investing in the business.

The Financial Ombudsman Service (FOS) has ruled a financial adviser did not pressurise an investor to buy 600 company shares after listening to recordings of their conversations.