News

An industry initiative managed by the Tax Incentivised Savings Association (TISA) and backed by 50 firms and trade bodies has called on the regulator to agree on a ‘common sense' standard for the delivery of guidance to consumers.

Wealth manager Brooks Macdonald expects its funds business to break even in the second half of its financial year, and will turn a profit for the first time in 2015-16.

One in five of those retiring in the coming year have no idea how their pension withdrawals will be taxed, Fidelity research has found.

Three quarters of advisers are using the wrong measures to compare fund costs, giving clients an inaccurate picture of the charges eating into their returns, according to research by Defaqto.

The next government should establish an independent pensions commission as soon as possible after the May general election, MPs have urged today.

Adviser firm Westminster Wealth Management has launched a dedicated divorce service to add to its financial planning business.

Increased consumer choice under pensions freedom coupled with greater potential fraud risk has boosted the argument for a single pensions regulator, MPs have said.

The Financial Conduct Authority (FCA) is to investigate the activities of the former operators of the Connaught Income Series 1 fund, Capita Financial Managers and Blue Gate Capital.

M&G has reported a fifth consecutive year of record profits despite net outflows for its UK business increasing to £1.7bn in 2014.

Providers who have cut drawdown charges in the run-up to April 6 to "grab market share" will revisit their decisions in the months to come, suggested LV=.