News

The High Court has ordered two related companies into liquidation for their roles in a £3.2m land banking scam.

Adviser charging for personal and group personal pensions can be applied general pensions advice, including annuity choice or drawdown, according to guidance from HM Revenue & Customs (HMRC).

Aviva is set to expand its equity release pilot scheme, following a successful trial period earlier this year.

Multi-tie mortgage and financial advice network Openwork has made several redundancies, including mortgage relationship manager Karen Hedges, as part of a cost-saving initiative.

Business Secretary Vince Cable has thrown open a potential challenge to George Osborne's role as Chancellor of the Exchequer after claiming he would "make a good chancellor".

Online adviser support on I-E tax changes and the gender directive has been launched by LV=.

Crewe-based adviser Jones Sheridan Financial Consulting has acquired IFA firm Brown & Corbishley Financial Services, as part of a drive to take over four IFA businesses in the run-up to the Retail Distribution Review (RDR).

The number of people saving through a workplace pension scheme has dropped 15% since 2007, with just a quarter of workers actively saving for retirement.

Lloyds Banking Group has reported a loss of £439m in the first half of the year, after the bank was forced to set aside an additional £700m for payment protection insurance (PPI) claims.

Uncertainty about professional indemnity insurance (PII) cover and concerns about the impact on consumers are among the main worries of Financial Services Authority (FSA) board members about a proposed £110m redress scheme for Arch Cru investors, it has...