PwC is facing an investigation by an accountancy watchdog into its auditing of professional services firm RSM Tenon.

The government is increasing the pressure on HMRC to crack down on tax evasion by upping its revenue targets.

Most IFAs would reduce fees for clients with pension pots worth less than £50,000, research suggests.

Downing Street has said the government will launch a formal consultation in the summer over its plans to limit the tax relief on charitable donations.

A MESS

Thousands of British pensioners in Spain have been duped out of their money by unscrupulous financial advisers, according to an investigation published today.

Some 40% of IFAs plan to take on a protection paraplanner to boost the commission they receive from protection business post RDR, according to research.

Plymouth-based Financial Management Services has seen five staff walk out because they found the the fees structure required by RDR 'unworkable', according to managing director Ken Hayden.

Who moved where in another busy week in financial services?

A financial adviser has been left in "total shock" after five colleagues left his company to form a new business, without, he claims, informing him of their plans.