The Bank of England today increased its base rate by 25 basis points from 4% to 4.25% - the highest level for 15 years.
Read more ...Ombudsman upholds lower percentage of complaints
- Thursday, 22 September 2022
- Articles
The Financial Ombudsman Service’s complaint uphold rate dropped to 34% in the quarter between April and June, down from 37% in the second half of 2021.
Read more ...Radiant Financial Group acquires 3 adviser firms
- Thursday, 22 September 2022
- Articles
IFA consolidator firm Radiant Financial Group has acquired Irvine Financial Services, Landmark Financial Planning and Andrew Gibbs IFA for undisclosed sums.
Read more ...Sanlam Wealth rebrands to Atomos
- Wednesday, 21 September 2022
- Articles
Sanlam Wealth has rebranded to Atomos following completion of its acquisition by Oaktree Capital Management.
Read more ...Advisers urged to join Employee Benefit Trust group action
- Wednesday, 21 September 2022
- Articles
Financial advisers with clients who have been pursued by HMRC over inheritance tax liabilities in relation to Employee Benefit Trust (EBT) scheme have been invited to join a group action tribunal appeal against the taxman.
Read more ...Abrdn adds Consumer Duty support materials for advisers
- Wednesday, 21 September 2022
- Articles
Asset manager Abrdn has developed materials to help advisers prepare for the Financial Conduct Authority’s (FCA) new Consumer Duty rules.
Read more ...Alex Burghart MP appointed as new Pensions Minister
- Wednesday, 21 September 2022
- Articles
Alex Burghart MP has been appointed as the new Pensions Minister, following the departure of long-serving predecessor Guy Opperman MP.
Read more ...IHT receipts rise 12% to £2.9bn
- Wednesday, 21 September 2022
- Articles
Inheritance tax (IHT) receipts for April to August rose 12% year on year to £2.9bn, according to new data this morning from HMRC.
Read more ...FCA issues Link with £50m fine warning over Woodford
- Wednesday, 21 September 2022
- Articles
The Financial Conduct Authority has issued Link Fund Solutions a draft Warning Notice with a proposed penalty of £50m over its handling of the LF Woodford Equity Income Fund.
Read more ...Transact adds Blackrock MPS as parent continues tax battle
- Wednesday, 21 September 2022
- Articles
Adviser platform Transact has added a Blackrock-run model portfolio service (MPS) to extend its choice of discretionary investment managers.
Read more ...