Another misselling scandal has been prevented after the ticking ‘timebomb’ of annuity re-sales was defused.

The Government has axed plans for a secondary annuities market over fears about consumer protection in a surprise announcement late this afternoon.

The Personal Finance Society has this morning officially launched a new smartphone app to help its members with information about key events.

A complaint from a St. James’s Place Wealth Management client over claims of being “misled about tax benefits” has been partly upheld, with the ombudsman saying the adviser had failed to reach the right conclusion.

The FCA has told Standard Life to review all non-advised annuity sales from July 2008 following a probe of the sector.

Inflation has jumped to the highest level in nearly two years.

The second issue of Financial Planning Today magazine, the sister digital publication to this website, has been published and is available for free download to Financial Planners, Wealth Managers and Paraplanners.

The creation of platform hosted managed portfolio service solutions has exceeded launches with discretionary manager custody over the last five years.

A former HSBC private client adviser has been snapped up by Financial Planning firm Towry.

Chartered Financial Planning business Fairstone Group has bought an IFA firm in West London.