News

The Financial Ombudsman Service (FOS) has ordered network Pi Financial to compensate two clients it recommended invest in an unregulated collective investment scheme (UCIS).

The UK is out of recession and had its strongest quarter in two years over the three months to September, according to NIESR.

Advisers expect an anticipated increase in self-directed investment following the introduction of the Retail Distribution Review (RDR) will lead to more work for them, research suggests.

Offshore tax havens Guernsey, Jersey and the Isle of Man are working towards an agreement with the US government on FATCA, the incoming regime to prevent tax evasion.

The managing director of Sense Network has said that he has "grave concerns" regarding the readiness of product providers for the Retail Distribution Review (RDR).

Positive Solutions has partnered with online employee benefits provider Benefex to help businesses prepare for auto-enrolment duties.

The coalition will introduce the £35,000 cap on social care costs as recommended by the Dilnot "as soon as" it is able, the health minister said today.

Novia is to allow commercial property onto the wrap for the first time, in a bid to compete with specialist self-invested personal pensions (SIPPs).

Self-invested personal pension (SIPP) provider Hornbuckle Mitchell has cut its set-up charges by 30% until the end of the year.

Parmenion's platform has passed £500m of assets under administration, with monthly inflows quadrupling year-on-year to £30m.