IFA Willow Financial has been forced into administration over £1.5m in liabilities relating to its Arch cru advice - but has been bought back by some of its former partners at a knock-down price, and they won't be footing the bill for claims.
The administrator's report into the firm states that Willow found itself in trouble after the regulator ordered firms to review the Arch cru advice they had given and offer redress if it was found to be...
Scottish advisers are overwhelmingly against an independent Scotland, according to figures from a Personal Finance Society (PFS) poll.
Advisory and wrap business Raymond James Investment Services has consolidated its return to profit, generating almost £235,000 in 2013.
Product provider Aegon has distanced itself from a view attributed to its head of marketing that advisers have been "disintermediated" and that its future lies in direct relationships with consumers.
A financial adviser has been jailed for five years for stealing a total of £85,000 from his victims in a theft campaign targeting the elderly and the recently bereaved.
UK IFAs are among hundreds of creditors facing severe losses in a £60m investment scheme marketed as low risk but "tainted with illegality", according to the firm's liquidators.