An association which represents independent financial advisers will close as a trade body due to a lack of members – but will continue to operate as an affinity group.
The FCA has fined Lloyds TSB Bank plc and Bank of Scotland plc, both part of Lloyds Banking Group, £28,038,844 for "serious failings" in their controls over sales incentive schemes.
Independent economic think tank the National Institute of Economic and Social Research says it will take until 2015 before UK economic output recovers to the level it achieved in 2008.
Jo Cann, wife of IFP chief executive Nick Cann who suffered a stroke earlier this year, is organising a 300-mile sponsored cycle ride to Paris with former IFP President Julie Lord to raise thousands of pounds for the Stroke Association.
Sipp and SSAS provider Xafinity is urging advisers to factor in the possibility of their provider exiting the Sipp market after Capita decided to quit Sipp administration.
The Financial Services Consumer Panel has called for urgent change in the "non-advice" annuity market which it says "does not work well for the majority of consumers."
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