The taxman has rubbished a report stating that many retirees will be "clobbered" with a 45% tax next April if they use the new pension reforms to take out some of their funds.

The Financial Conduct Authority has banned an adviser and fined him nearly £300,000 for "reckless" actions and lacking integrity.

A financial advisory firm has brought in a director from Barclays Wealth and his former team to head up a new look national IFA operation.

Paraplanning must continue to move towards being a recognised career with a minimum level of qualification established, a CFP professional and Paraplanning firm co-owner says.

A major campaign to make the public aware of the benefits of Financial Planning is just a month away.

Fund managers with more than £1 trillion assets under management will be quizzed on their stewardship activities on behalf of pension savers.

Purchases of investment trusts by advisers and wealth managers on platforms have reached a record high of £120.9m, the Association of Investment Companies has reported.

Nearly half of complaints about ISAs dealt with by the Financial Ombudsman Service have been upheld since 2013.

About £175 million in missing assets left by loved ones in wills may be unclaimed every year, according to new research.

Nearly 75,000 fake emails were reported to the taxman over the last six months - a 70% per cent increase.