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MOVERS & SHAKERS

A growing number of wealth managers are shutting their doors on US expatriates as a controversial new tax law nears its implementation, according to an international advisory firm.

Friends Life's UK business took a dip in the first half of the year as the company paid off a further £5m of a £6m fine levied against Sesame.

Adviser support group Tenet's petition asking the government for a long-stop for financial advice complaints has reached 2,098 signatures in only ten days.

The majority of consumers are showing an "extremely worrying" lack of understanding about their pension plans, new research suggests.

HM Revenue and Customs (HMRC)'s decision to crackdown on tax avoidance schemes is "ten years too late" according to Rebus Investment Solutions chairman Adrian Cox.

The Institute of Financial Planning (IFP) has launched its new website including a designated space for paraplanners, the Paraplanner Zone.

Jones Hill managing director Brian Hill has said he is going directly authorised (DA) after years with networks because he wants ‘more freedom' and lower costs.

Prudential is on track to achieve the outstanding two of six objectives it set itself in 2010 following the controversial takeover attempt of Asian insurer AIA.

Prudential has boosted operating profits by 22% in the first six months of the year but said UK sales had been hit by the implementation of the Retail Distribution Review (RDR).