News

The Financial Services Authority (FSA) is consulting on a change to its adviser charging rules to ensure advisory firms do not receive any kick-back payments from discretionary investment managers (DIMs) in exchange for recommending their services.

The Institute of Financial Planning (IFP) has warned the government that the threat of retrospective regulation is preventing advisers from recommending enterprise investment schemes (EIS) to clients.

Spain's economy minister Luis de Guindos denied his country needs a bailout as he gave a speech to the London School of Economics.

Tenet advisers will have their professional indemnity insurance (PII) excess cut by 50% on claims on advice given after they obtain their Statement of Professional Standing (SPS).

Chris Hull, head of operations at Aegon-owned national IFA Positive Solutions, has left the company after nine years.

Celebrities including Weakest Link presenter Anne Robinson and members of Take That have been exposed as participants in a £1.2bn tax avoidance scheme, according to reports.

Former Treasury minister Paul Myners has joined the board of the Ecofin Water & Power Opportunities investment trust as a non-executive and independent director.

UCIS provider Connaught Asset Management is to reimburse investors in its Income Series 2 this week.

The Association of Independent Financial Advisers (AIFA) has called for claims management companies (CMCs) to be regulated by the Financial Conduct Authority (FCA).

The Bank of England has held interest rates at 0.5% for the 42nd consecutive month and kept its bond purchase target at £375bn.