The Financial Services Authority (FSA) is warning asset managers that outsource activities to external service providers to exercise "care and diligence" when entering into any arrangement, and to ensure they have a "robust" exit plan should something...

Northern Rock Asset Management is to compensate customers who took out loans with the bank a share of £270m, following errors made in paperwork.

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Two-thirds of bank staff with sales roles are finding themselves under "more pressure than ever" to hit targets, despite the slew of major mis-selling scandals in recent years, Which? has said.

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Firms devising and running tax avoidance schemes are "running rings" around Her Majesty's Revenue & Customs (HMRC), MP Margaret Hodge has said.

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The Treasury is to increase the inheritance tax (IHT) nil rate band by 1% in 2015/16, to £329,000.

The Chancellor has announced cuts to pensions tax relief from 2014/15, meaning individuals will only be able to put away £40,000 annually free of tax.