Co-op posts £2.5bn loss after ‘disastrous’ year

Professional Adviser | 17 Apr 2014 | 10:01

The Co-operative group has reported a record loss for the bank of £2.5bn after a “disastrous year” during which its banking division and the wider group came close to collapse.

The Co-operative Bank
HM Revenue and Customs

HMRC issues new rebate tax guidance after raft of enquiries

HM Revenue and Customs (HMRC) has issued fresh guidance on its decision to tax unit rebates after receiving a number of queries from fund groups and platforms.

Professional Adviser | 17 Apr 2014 | 07:52
Google Logo

Tech rout continues as Google falls on weak earnings

Google shares moved sharply lower in after-hours trading following a disappointing update, with the negative sentiment that has blighted the sector showing no sign of abating.

Professional Adviser | 17 Apr 2014 | 07:50

Other Investment articles

webb-steve-2012

Steve Webb calls for flat rate 30% tax relief

Steve Webb has called for an overhaul of tax relief on pension contributions that would see a flat 30% rate introduced and the lifetime allowance axed.

Professional Adviser | 16 Apr 2014 | 16:19
gorham-ian

Hargreaves in talks over Woodford as assets pass £45bn

Hargreaves Lansdown has said Neil Woodford's new fund management venture could provide a further boost to its business after it reported record net inflows of £1.83bn for the first quarter.

Professional Adviser | 16 Apr 2014 | 07:37

Charles Stanley warns rising costs to 'hit profits by 10%’

Charles Stanley’s pre-tax profits are likely to fall 10% short of market expectations due to rising costs, the wealth manager has warned.

Professional Adviser | 16 Apr 2014 | 07:34
redarrow

UK inflation falls to fresh four-year low in March

UK CPI inflation fell for a sixth consecutive month in March to hit a fresh four-year low, according to latest figures from the Office for National Statistics.

IFAonline | 15 Apr 2014 | 10:19
Bubble

Goldman Sachs: We are not in a dotcom bubble

Goldman Sachs has sought to reassure clients spooked by the recent falls in tech stocks, saying the US is unlikely to suffer a 2000-style crash.

IFAonline | 15 Apr 2014 | 07:47
FSCS

Investment advisers hit with additional £7m FSCS levy bill

Most types of financial services firms will pay a lower than expected Financial Services Compensation Scheme (FSCS) levy for 2014-2015 after it cut its bill by £37m, but investment advisers face another hike in costs.

Professional Adviser | 15 Apr 2014 | 07:42
meeting-from-above-illo

Old Mutual reviews Henderson and Intrinsic fund deal

Old Mutual is reviewing Intrinsic’s risk-rated Cirilium proposition in a move which could see it take over the range from Henderson.

Professional Adviser | 14 Apr 2014 | 15:49
advisernoticeboard-1011d

Adviser noticeboard (14-18 Apr)

Our weekly round-up of the key product launches, charging tweaks, people moves and events for financial advisers...

Professional Adviser | 14 Apr 2014 | 15:26
fees

Adviser masterclass: How to explain fees to clients

Rebecca Jones investigates how advisers can satisfy the regulator while keeping things as simple as possible when explaining fees and charges to clients...

Professional Adviser | 14 Apr 2014 | 15:24
fca

FCA wins Court of Appeal battle over land banking scheme

The Financial Conduct Authority (FCA) has won a Court of Appeal victory over a land banking scheme but said it is unlikely investors will get back all of their cash.

Professional Adviser | 14 Apr 2014 | 10:08
chris-macdonald-image

Brooks Macdonald to create fixed income unit after £11m acquisition

Brooks Macdonald's asset management business has acquired Jersey-based DPZ in a deal that will add a further £360m to its discretionary AUM.

Professional Adviser | 14 Apr 2014 | 10:02
fca

Fraudsters target Axa Investment Managers

The Financial Conduct Authority (FCA) has issued a warning about fraudsters claiming to represent Axa Investment Managers UK.

Professional Adviser | 13 Apr 2014 | 21:53
facebookvspinterest

Facebook eyes foray into financial services - report

Groundbreaking social network service Facebook is set to expand into financial services, according to reports.

Professional Adviser | 13 Apr 2014 | 21:36
godfrey-daniel-copy

IMA to introduce benchmark for turnover costs

The Investment Management Association (IMA) is planning an industry standard for how fund groups disclose turnover costs, it has emerged.

Professional Adviser | 11 Apr 2014 | 15:14
fca

FCA inquirer Clifford Chance on regulator's s166 panel

Law firm Clifford Chance - which has been hired by the Financial Conduct Authority (FCA) to review its handling of the release of market-sensitive information to the press - is also a member of the regulator's panel of lawyers tasked with investigating financial institutions.

Professional Adviser | 11 Apr 2014 | 12:16
godfrey-daniel-copy

IMA to merge with ABI investment division

The Investment Management Association (IMA)is to merge with the Association of British Insurers' (ABI) investment affairs unit in a bid to give fund managers a single, stronger representative voice.

IFAonline | 11 Apr 2014 | 07:41

Nasdaq slides 3% as shares tumble in latest tech sell-off

The Nasdaq index suffered its worst day since 2011 yesterday, dropping over 3% as investors continued to switch out of technology and biotechnology holdings.

Professional Adviser | 11 Apr 2014 | 07:38

Markets

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