A tax avoidance promoter whose schemes were used by locum doctors and nurses faces a £900,000 penalty for failing to co-operate with HMRC.

Less than a third of financial advisers feel fully supported by their preferred discretionary fund management partner (DFM) on the Consumer Duty, a new survey has warned.

Phoenix Group, owner of Standard Life and Sun Life, has reserved £70m for the potential impact of Consumer Duty legacy product costs, it revealed in its annual results today.

Cheshire-based Equilibrium Financial Planning has launched a lower cost, ‘lighter touch’ Financial Planning service for the ‘You Tube’ and ‘TikTok’ generation of younger adults beginning to build wealth.

Financial advisers need to take a closer look at the suitability of their investment approach for clients taking an income, according to platform Wealthtime.

Redress of between £500 and £3,000 for WASPI women, as recommended by the Ombudsman in its report today, would cost the DWP between £3.5bn and £10.5bn according to Hargreaves Lansdown.

The Parliamentary and Health Service Ombudsman has called on the Department for Work and Pensions to consider paying compensation to women born in the 1950s hit by the increase in the State Pension age.

The Bank of England kept its base rate at 5.25% today for the fifth time in a widely expected decision.

Almost 4 in 5 (78%) of savers are in the dark about a rule change that will allow them to open multiple ISAs of the same type within the same tax year from April, according to a new report.

Financial Planning firm Perspective has appointed Sam Ward as head of mergers and acquisitions.