News

First State Stewart, the GEM, Asia Pacific and global equity arm of First State Investments, is to split in two and rebrand in a bid to cope with "the burden of scale", Professional Adviser's sister title Investment Week can reveal.

The Association of British Insurers (ABI) has launched a campaign to help customers understand their choices in retirement following the government's pension reforms.

The national minimum wage will increase by 3%, the government has announced ahead of the General Election in May.

HSBC is closing all accounts on Jersey belonging to customers living in the UK amid checks on their identity and addresses.

A law firm has called into question the effectiveness of the regulator's investigations tool, which, paid for by the firms probed, led to enforcement action in only 2% of cases last year.

IFA network 2plan is in renewed takeover talks with "large" adviser businesses following two failed acquisitions last year.

National advice business Bellpenny has acquired a Surrey-based IFA, adding 500 active clients and £40m in assets.

Almost half of those approaching retirement are not aware of a free government service launched to help them understand the pension 'freedoms' announced at last year's Budget, according to a poll of 1,000 people.

IFA consolidator AFH Financial has seen revenues increase 40% in the last year, pushing its pre-tax profits to £1.06m.

Lawyers are urging investors who have been advised to invest in disputed tax avoidance schemes to take their financial advisers to court for compensation.