TAKE NOTE

Labour will reverse a planned rise in business rates for small firms if it wins the next election, party leader Ed Miliband is expected to say today.

Partnership Life Assurance Company, part of the Partnership Assurance Group, has confirmed it is the subject of a Financial Conduct Authority (FCA) investigation into potentially unsuitable distribution deals with advisory firms.

TAX RELIEF

J.P.Morgan Asset Management (JPMAM) has launched a calculator for advisers to demonstrate to clients the power of ‘compounding' when reinvesting their dividend income.

The Tenet Group is offering its Chartered advisers a 50% discount on their professional indemnity insurance (PII) excess after negotiating with its underwriters.

Restricted national advisory group Sandringham Financial Partners has selected Axa Wealth's Elevate platform and its multi-manager proposition Architas for its panel.

It is "unrealistic, uneconomic and unnecessary" to expect those approaching retirement to take regulated financial advice, according to Hargreaves Lansdown.

The Financial Conduct Authority (FCA) is not seeking to pile more pressure on adviser firms already under financial strain by investigating payments they may receive from providers, its director responsible for supervising advisers said.

Consumer attitudes towards financial services businesses have changed irreversibly, the chief executive of the Financial Ombudsman Service (FOS) has said.