Five people from the West Midlands and one from Dorset have been arrested on suspicion of being involved in an estimated £200,000 Self Assessment fraud.

The Bank of England has left its Bank Rate unchanged at half a per cent and the size of the Asset Purchase Programme at £375 billion - extending the record period of stability.

TIME Investments has become a corporate member of the Institute of Financial Planning.

So called robo-advisers will work hand in hand with human advisers and not bring about their demise, the managing director of an investment firm believes.

Co-founder of Sipps firm Mattioli Woods, Bob Woods, will step down as executive chairman next year to take on a new role.

Scottish Widows has reported that pension encashment requests have dropped off steeply since the initial surge from April until the middle of May.

Nearly eight out of ten professional investors believe that the majority of pension funds will fail to reach their long-term investment targets given increased longevity, a study suggests.

Research has suggested a “worryingly high” number of British expatriates are confused about the pension reforms with many reporting ‘suspicious’ unsolicited calls relating to retirement income.

Investment company purchases on platforms by advisers and wealth managers reached a new record high of £125.3m in the first quarter this year.

A Financial Planning company has hired the former chief executive of the Financial Services Authority as one of two new non-executive directors.