Aviva Investors is to close its suspended £400m Aviva Investors UK Property Fund after a run of poor performance and uncertainty over its liquidity should investors seek to redeem investments en masse.

The Treasury has published over 30 tax updates, consultations and documents, today on what has been dubbed Tax-Day - including plans to tighten tax rules on second properties and simplify inheritance tax red tape.

Expanding Financial Planning firm Progeny has acquired Leeds-based legal firm Watsons Law for an undisclosed sum. 

The FCA's controversial open-ended property fund changes could be a sensible move long term, according to Cedric Bucher, CEO of property firm Hearthstone Investments.