News

IFA consolidator Succession Advisory Services has received FSA authorisation to arrange investment deals, though not to give advice.

Concerns are mounting over the number of orphaned clients post-RDR after the FSA said a customer's new adviser could inherit their existing trail commission.

It is not all bad news you know. Try our weekly round-up of more uplifting stories from this week's IFAonline.

Network the Lighthouse Group will merge its Temple and GP businesses to relaunch them under the national brand Lighthouse Financial Advice.

Over 12,000 teachers have written to their MPs to oppose the public sector pensions cuts proposed by Lord Hutton.

The government should commission a new assessment of the losses suffered by people who saved with Equitable Life, a committee of MPs has said.

Hargreaves Lansdown saw assets under administration increase by 14% during the third quarter, traditionally a quiet period for the firm, driven largely by positive markets.

Bupa is to sell its UK protection and risk business, Bupa Health Assurance Ltd (BHA), to Resolution for approximately £165.15m.

Consolidation vehicle Resolution has paid £165m to acquire Bupa Health Assurance (BHA) using surplus capital from its last acquisition, Friends Provident.

The FTSE opened at 5,727 this morning, sliding 0.08% in early trading, although there was a raft of M&A activity among the UK's largest companies.