Proposed legislation which could pull financial advisers under HMRC's ‘tax agent' banner will only affect those "doing something illegal" and not intermediaries "giving honest advice", HMRC says.

The Government borrowed £4.3bn in January, the first time there has been a budget deficit in January since records began in 1993.

Legal & General's with-profits fund generated double digit returns during 2009.

Scottish Life is to switch the underlying investment of its UK Equity Core Plus Pension Fund to Cazenove UK Growth & Income.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to keep interest rates on hold this month.

IFAs could face substantial tax penalties if they offer inheritance tax advice, according to the Tax Advice Network.

Just Retirement founder Mike Fuller will step down as chief executive in the summer.

Boosting economic growth is more important than controlling inflation, advisers say.

UK inflation has hit 3.5%, prompting Mervyn King to write a letter of explanation to the Chancellor.

Rowanmoor Pensions sales have almost doubled in the first quarter of its financial year.