News

A second tax adviser working for the Vantis Tax group was today jailed for four years for his part in a £70m tax fraud.

Annuity rates failed to recover from their continued poor performance last month, according to Alexander Forbes Annuity Bureau.

Fidelity FundsNetwork has resumed lobbying for bundled charging post-Retail Distribution Review (RDR), after releasing research showing 65% of advisers want the option to remain.

Adam Smears, head of investment research at Skandia, has left the group to pursue other opportunities.

The Financial Services Authority (FSA) has charged a former adviser with six offences relating to investment advice given whilst unauthorised.

Novia has added ten Carmignac Gestion funds to the wrap - the first platform in the UK to do so.

Networks may only find relief from their own financial troubles by raiding other struggling businesses, according to Ernst & Young.

The Financial Services Authority (FSA) has fined two firms a total of £250,000 for failing to provide it with accurate and timely transaction reports.

Hector Sants, the former chief executive of the Financial Services Authority (FSA), has defended his tenure at the regulator, arguing the changes he made have put it "in good stead".

A potential gap looms between employee and employer expectations of when workers will retire, an Aegon report has warned.