Businesses are to get an extra year to prepare for the digitalisation of income tax, HM Revenue and Customs has said.

Wealth manager and Financial Planner Kingswood made a pre-tax loss of £3.7m in the first half of the year due mainly to the £4.1m cost of acquisitions in the period, the firm reported today.

Two new courses have been launched to support Financial Planners through their CISI level 7 qualification to gain their Certified Financial Planner certification.

The Bank of England’s Monetary Policy Committee (MPC) has held interest rates at 0.1%, and stuck to its £895bn asset purchase target, despite inflation fears.

The Bank of England has held its base rate at 0.1% today despite predictions of a rise to 0.25%.

Two fraudsters who conned a man out of £5,000 in a bitcoin scam have been sentenced.

The Office for National Statistics (ONS) has reported a decline in life expectancy among men for the first time since the figures began being collected in the 1980s.

The female adviser gap in the financial advice sector is starting to narrow but more needs to be done to attract women, according to advice network The Openwork Partnership.

Fraud losses leapt by 30% in the first half of the year as criminals turned to investment frauds increasingly pushed via social media.

Daniel Harrison, chief executive of recently-acquired Financial Planning and wealth management firm True Potential, has warned owners of Financial Planning firms to beware of over-generous offers for their businesses.