News

Financial advisers will be held liable for losses suffered by clients in relation to three Stirling Mortimer funds if misselling can be proven, the Financial Services Compensation Scheme (FSCS) has said as it started processing claims.

The government has launched a review of how it calculates business rates, saying it wants to modernise the tax which is collected from businesses across England, including financial advisers.

Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.

The number of platforms targeting advisory firms is likely to halve after 2017, according to Standard Life's David Tiller.

The Financial Conduct Authority (FCA) has dropped its suggestion firms should be using #ad in financial promotions on Twitter, following industry concerns about its appropriateness.

The Financial Conduct Authority (FCA) has banned Stephen Bell, the former compliance director of network Financial, for "systemic weaknesses" in the business' compliance process, and fined him £33,800.

A decision by the regulator to ban the former CEO of a stockbroking firm from the industry and fine him £450,000 for giving unsuitable advice and high-pressure mis-selling, has been upheld.

Retirement advice firm Intelligent Pensions has launched a fixed low-cost drawdown plan ahead of pensions freedom on 6 April.

People should get early access to some of their pension pot to make saving more attractive to younger workers, an actuarial group has said.

The government has come under fire for delaying the publication of its report into the Money Advice Service (MAS), with some suggesting the report was deliberately hidden before the upcoming general election.