News

Tony Morris, the man at the centre of the £52m GP Noble pension scheme fraud trial, began giving evidence in his defence yesterday.

The worse-than-expected decline in UK GDP is likely to spur the Bank of England into injecting another £50bn into the economy next month, said Henderson's Simon Ward.

The number of older people in debt has risen sharply over the past year, research from Age- UK reveals.

Chichester-based IFA firm CPN Investment Management has launched Money on Toast, an online advice service that aims to provide simplified advice to those who find traditional advice inaccessible or too expensive.

The Retail Distribution Review (RDR) is set to see an explosion of advice "brokers", instead of restricted or independent advisers, according to Panacea IFA.

The Financial Services Authority (FSA) has told paraplanners they should challenge their financial advisers on suitability letters to help meet regulatory requirements and improve relationships with clients.

Liberal Democrat leader Nick Clegg has signalled the government is ready to loosen its austerity drive with a "massive" increase in state-backed investment into housing and state infrastructure.

John Clougherty is joining Fidelity Worldwide Investments as head of the wholesale business, IFAonline's sister title Investment Week understands.

Andy Leggett has urged the FSA to consider the industry's good practice guide rather than bringing in "expensive" regulation to reform the SIPP disclosure regime.

The drive for transparency in pension charges could lead to occupational scheme advice for employers becoming regulated by the Financial Services Authority, Legal & General says.