Income from Inheritance Tax has hit a record £4.7bn in the last year, analysis of HMRC figures has shown.

Advisers have been warned they could face large fines under new plans to crack down on tax avoidance.

Former IFP President Julie Lord is forming a new Financial Planning firm.

A national adviser firm has opened its 16th branch in 16 years.

Retired household incomes rise above 2008 crash levels

Average income for retired households continued to rise following the economic downturn and has gone above the 2007/08 level – in contrast to non-retired households which have failed to get back to that same peak.

The ‘guru speaker’ at the national Paraplanners Powwow will be Rory Percival, the FCA technical specialist, who revealed on Friday he is leaving the regulator.

Plans to ensure that advisers pay large fines if they are found to be ‘enablers’ of tax avoidance have been blasted as “ludicrously draconian” and ill conceived.

A new robo-adviser described as “styled like WhatsApp” is being launched by a former IFA.

Cashflow modelling will be the backbone of a new Financial Planning firm, its managing director says.

More families are tackling the inheritance taboo but nearly half still avoid the difficult conversation.