News

Wealth adviser Towry has completed a £47.3m refinancing package with lenders Macquarie and Royal Bank of Scotland, in order to streamline the business ahead of a possible IPO.

IFA support group Tenet is offering its member advisers access to permanent professional indemnity insurance (PII) in what the group said was the first commercial deal of its kind.

Her Majesty's Revenue & Customs (HMRC) has won a court case defeating a widely-used scheme to avoid stamp duty land tax (SDLT).

F&C Investments has cut the annual management charge (AMC) across its £385m Lifestyle range, run by co-heads of multi-manager Gary Potter and Rob Burdett.

Broker oriel Securities has compiled a list of investment trusts trading on discounts which, it says, are simply too cheap to ignore...

Canada Life is converting its whole-of-life Flexible Life Plan into a pure protection product, meaning it can continue to pay commission post-Retail Distribution Review (RDR).

The Financial Services Authority (FSA) has again pledged to leave the door open to the possibility of reintroducing a 15-year long-stop on client complaints, though it continues to doubt the benefit of doing so.

The Financial Services Authority (FSA) has fined IFA network Pi Financial £58,300 for advising its clients to invest in high risk products which were "clearly" unsuitable.

LV= will switch its protection business to gender neutral rates on 1 December and has announced its pipeline strategy for advisers.

Franklin Templeton Investments has bought a majority stake in hedge fund firm K2 Advisors Holdings (K2), expanding its alternative investments and multi-asset propositions.