A regulatory crackdown on inducements has raised questions about the viability of the most common way in which IFA practices are bought and sold, according to consultants Harrison Spence Partnership.

Axa UK plans to withdraw face-to-face financial advice in the branches of its UK banking partners the Co-op, Clydesdale and Yorkshire Banks.

MOVERS & SHAKERS

Wealth adviser Towry has promoted its four existing regional wealth advice managers to national roles.

Standard Life has confirmed that Ann Flynn, head of the workplace distribution proposition at the company, has resigned.

High Financial Services Compensation Scheme (FSCS) levies are the result of legacy industry issues and will "begin to fall within two years", according to AWD Chase de Vere communications director, Patrick Connolly.

Aviva has opened its platform proposition to all advisers registered on the Aviva for Advisers (A4A) website.

Outsource paraplanning company, The Timebank, has doubled its numbers in the last six months and is looking to take on two more staff members.

Standard Life workplace managing director and Vebnet chief executive Ronnie Taylor is joining Scottish Widows.

CONSOLIDATION