News

A tax avoidance scheme which abused the reliefs offered for research into life-saving vaccines to claim back £77m in tax has been rejected again by a tribunal.

The European Central Bank has cut its headline interest rate by ten basis points to 0.05%, prompting the euro to slump against the dollar, and said it will begin a long-awaited asset purchase programme in the coming months.

The Pensions Advisory Service (TPAS) - one of the bodies tasked by the government with delivering free and independent guidance on retirees' options - has outlined its plans for how it would be done.

Simon Brazier and his UK equities team are leaving Threadneedle Investments to join Investec Asset Management.

The guidance guarantee should be delivered as a process with various touch points not a one-off token conversation, the chief executive of the Citizens Advice Bureau has said.

The Financial Ombudsman Service (FOS) has ruled national adviser Chase de Vere gave unsuitable advice when it recommended a client put most of his pension in high risk unregulated schemes just six years before he retired.

The Financial Conduct Authority's (FCA) directors racked up expense claims between April last year and this March of £61,887, mainly to cover the cost of foreign travel for the chairman, chief executive and supervision director.

Support services provider SimplyBiz is launching a series of events focusing on investments and the sunset clause.

Our weekly heads-up on events, jobs and hires, plus some other bits and bobs for professional financial advisers...

Hargreaves Lansdown has reported a record pre-tax profit of £209.8m for the year to 30 June after it weathered the impact of changes to its charging model and falling returns on cash.