In a bid to educate advisers on the suitability of tax wrappers for their multitude of client requirements, Fidelity FundsNetwork has rolled out Tax Wrapper Analyser.

Zurich has augmented the regular payment facility on its SIPPs in a bid to increase the flexibility of the proposition.

Level annuity rates have edged downwards, suggesting that the annuity market has reached the end of its long bull run and reverted to the longer-term trend of falling rates, according to Alexander Forbes Annuity Bureau.

Resolution founder Clive Cowdery is considering a move to break-up former merger target Friends Provident.

The FTSE100 is in recovery mode this morning, with oil stocks leading the fightback from yesterday's sharp slide. London's blue chip index is currently 29.50 points (0.54%) higher to 5529.20.

Mirea Asset Global Investments has appointed Elliot Berman as senior manager, European distribution.

More than a fifth (21pc) of providers are still refusing to allow investors to hold private equity within their SIPPs, despite significant investor demand, according to research from Hotbed.

Two former Credit Suisse brokers each face a $5m fine and up to 20 years in jail after being charged with fraudulently selling complex US securities to clients in order to boost their commissions, according to The Times.

Abbey is making interest rate reductions on a number of fixed rate and tracker products from tomorrow.

Up to 500 jobs at Pearl could be terminated as the Hugh Osmond-led group continues to integrate its Phoenix and Pearl life divisions.