News

The equity release market has enjoyed its third successive year of growth according to figures from the Equity Release Council (ERC.)

The maximum income which can be taken through income drawdown will increase from 100% to 120% of GAD from 26 March.

A judge has refused to lift a lifetime ban on an adviser who was struck off for failing to compensate clients who the Financial Services Authority (FSA) found he had caused to lose "substantial" money from their pensions.

LV= has reduced charges on its self-invested personal pensions (SIPPs) worth between £350,000 and £1m from 35 to 20 basis points (bps), a decrease of more than 40%.

The shortlist for the Professional Adviser/Baillie Gifford Financial Education Award 2013 has been announced.

Average growth of IFAs will be 4% in 2013 according to a new report, but companies should be careful to retain profitability as they expand, an analyst said.

A medical research tax avoidance scheme, promoted by Matrix Securities, has been successfully challenged in court by HM Revenue & Customs (HMRC).

National wealth manager, Bellpenny, has acquired Monmouthshire Independent Financial Advisers (MIFA), a subsidiary of Monmouthshire Building Society.

Alliance Trust Savings (ATS) has boosted its intermediary sales team from one to eight members as part of a push into the advised market.

STEER CLEAR