One in ten advisers are now restricted compared with one in 30 in Q4 2012, and this will increase to one in six by the end of the year, research predicts.

Chancellor George Osborne has announced that corporation tax will be cut to 20% in April 2015.

BUDGET 2013

CRYSTAL BALL

The UK's new-look regulator - the Financial Conduct Authority (FCA) - has hired Schroders chief executive Michael Dobson to its practitioner panel ahead of its conversion into its new structure.

Regulators will establish a dedicated wealth management department within the incoming Financial Conduct Authority (FCA) that will help "intensify" the regulatory focus on the sector.

Aviva has scrapped plans to add a group ISA and group SIPP to its employee benefits platform, Work:Life.

A Financial Services Authority (FSA) audit report into the London Interbank Offered Rate (LIBOR)scandal has found the regulator failed in at least three key areas which meant it did not realise the rate was being fixed.

Sanlam Private Wealth has acquired the client bank of two more financial planning companies as part of its drive to increase its presence in the UK.

A former head of HM Revenue & Customs (HMRC) who stepped down after he was accused by MPs of lying has been hired by HSBC to advise on honesty, according to reports.