News

The government plans to legislate for the lifting of NEST's contribution cap and transfer restrictions in 2017.

Andre Tyrie, the MP behind radical banking reforms, has condemned the final version of the plans saying the have been watered down and are now 'virtually useless'.

HM Revenue & Customs (HMRC) is losing 60% of appeals against its VAT decisions because it is under pressure from the Treasury to take a more aggressive approach, according to a law firm.

The Financial Conduct Authority (FCA) is going in the right direction to becoming a "genuinely different" regulator and will put greater emphasis on competition, its chief executive Martin Wheatley has said.

Lighthouse has rolled out the Zurich retail platform across its national advice business.

The government plans to scrap what it has branded the "failed" approved person regime in financial services and replace it with a new senior persons regime.

Investors in the collapsed Arch Cru fund range who sign up to a payment scheme set up by the funds' authorised corporate director, Capita Financial Managers, are in line to receive markedly less than forecast.

Axa Elevate clients will be able to view documents online following industry feedback.

The Association of Professional Financial Advisers (APFA) has warned the regulator that consumers will be disadvantaged if the trend of shrinking adviser numbers is not reversed.

Seven Investment Management (7IM) will introduce a platform fee for its funds by April 2014, in anticipation of a Financial Conduct Authority (FCA) ban on cross subsidies.