Sentiment among UK and European financial advisers has fallen to its lowest level in 12 months, according to a recent global report.

A key Lighthouse shareholder has urged others to vote against the group's proposal to delist from AIM, arguing that concessions made in a statement this morning do not make a 'jot of difference' to the situation.

The boom in sales of Qualifying Recognised Overseas Pension Schemes (QROPS) will continue as the eurozone crisis continues to wipe value of UK pensions, De Vere Group has said.

The leading accountants' trade body is to redraft its code of ethics and allow members to refer clients to restricted advisers on a case-by-case basis after the Retail Distribution Review (RDR).

David Hickey, chairman of the Lighthouse Group, has robustly defended the company's proposal to de-list from the AIM stock market, saying critics of the move are "ill informed or ignorant".

The managing director of James Hay has apologised to ex-Honister advisers for a ‘heavy handed' letter sent direct to their clients indicating they could appoint a new adviser while theirs awaited re-authorisation.

RE-AUTHORISATION

On-Line Partnership Group is to appoint ex-Tenet commercial director Peter Lane to the role of group commercial director.

David Lawton, acting head of the Financial Services Authority's (FSA's) markets division, has been appointed to the post permanently.

The Court of Appeal has unanimously rejected an appeal by a taxpayer against HMRC regarding a tax avoidance scheme recommended by PricewaterhouseCoopers in the early noughties.