Non-domiciled holders of whole-of life policies may no longer qualify for an exemption of inheritance tax under new HMRC rules, sparking the need for revised estate planning to avoid unexpected tax bills, Skandia has warned.

Consumers are oblivious to the 'bigger industry picture' and are easy targets for unregulated 'advisers' who sell them risky products while collecting commission, an IFA has warned.

The Office of Fair Trading (OFT) is investigating whether the merger of adviser technology provider Avelo and Australian data and software provider IRESS is hindering competition in the market.

IFA network On-line Partnership group has been acquired by US-based asset manager Russell Investments.

The advice community is likely to be billed a £30m interim levy early next year, mainly covering the cost of the Catalyst Investment group failure, which was declared in default in October.

Three of the regulator's top brass have spent almost £10,000 on foreign travel and accommodation in the first half year of the Financial Conduct Authority's(FCA) existence.

The Financial Ombudsman Service's (FOS) chief ombudsman and chief executive Natalie Ceeney is to step down after four years in office.

LEADERSHIP

The chief executive of the Financial Services Compensation Scheme (FSCS) is "sympathetic"to calculating the scheme's levy based on the risk posed by specific businesses.

Two former regulatory supervisors have been appointed to senior roles at The Consulting Consortium (TCC).