News

Network Intrinsic is launching a practice buyout scheme for its appointed representatives (ARs), with parent Old Mutual Wealth offering financial backing at preferential rates to facilitate deals.

Banking giant HSBC helped wealthy clients dodge paying millions in tax to UK authorities, the BBC reports.

The partners of Seven Investment Management (7IM) are considering selling the business, according to reports.

The government's pensioner bond scheme is to run for a further three months, the Chancellor has confirmed.

RP Poll: Should providers own advice businesses?

An IFA and the directors of banking giants Goldman Sachs and Lloyds will head up the panels that raise the industry's voice on policy making to the ear of the regulator.

Standard Life has declared its intention to build a major national financial advice business by agreeing to acquire wealth management firm Pearson Jones from Skipton Building Society.

AJ Bell has called for simplification of the rules governing uncrystallised funds pension lump sums (UFPLS) and said demand for the option may not exist in the retail market.

Proposals to let defined benefit (DB) members with small pots transfer out without taking advice are supported by the industry, according to research carried out by Professional Adviser sister title, Professional Pensions.

Woodford Investment Management (WIM) is seeking to raise an initial £200m for the launch of the Woodford Patient Capital investment trust, a portfolio of 50-100 quoted and unquoted businesses.