News

The Allele Fund, a company co-founded by Cherie Blair, has removed a claim on its website that it is authorised by the Financial Services Authority (FSA).

The government has taken a step towards creating tax-transparent collective investment schemes (CIS) within the UK.

SIPP investors who have the vast majority of their assets held in Unit Trusts or OEICs may be better off using a platform pension due to cost, says Skandia.

Ashcourt Rowan has appointed Jim Roberts, founder of Skandia Investment Management, to the board as a non-executive director.

Paradigm Mortgage Services has added protection specialist, Engage Mutual Assurance, to its protection panel.

Consolidation vehicle Succession Advisory Services has taken on four member firms in 2012, bringing in combined assets under management (AUM) of some £430m.

A former adviser at NHFA has launched a stiff defence of the advice given - and products sold - by most of his ex-colleagues after parent company HSBC was fined £10.5m for mis-selling investment bonds to the elderly.

People paying 50% tax must claim extra tax relief on their pensions before February or risk losing thousands for good, a private bank estimates.

Windsor Life, the closed-book insurer, has rebranded as ReAssure.

Local authorities may take an "aggressive stance" against schemes designed to help individuals avoid long term care (LTC) fees, an expert has warned.