Her Majesty's Revenue & Customs (HMRC) said it has prevented some £200m from being diverted from the Exchequer after winning three court decisions against tax avoidance schemes.

Investec Structured Products has launched its latest collection of plans, which are available for investment until 28 September 2012.

Profits at Royal London fell by 25% in the first half of the year as a slow market hit new sales and low interest rates affected revenues from customers' policies.

FROM THE ED

The Consumer Prices Index (CPI) rate of inflation climbed to 2.6% last month, from 2.4% in June.

A solution to the European debt crisis will not be enough to turn around global economic performance, at least for the next few years, according to a report by thinktank the Centre for Economic and Business Research (CEBR).

Operating profits at Standard Life UK rose by more than 60% in the first half of the year compared to the same period in 2011, driven by an increase in fee revenues and lower acquisition costs.

RDR IN THE NEWS

Professional Adviser is proud to announce the launch of the first ever set of dedicated multi-asset awards.

OUTPERFORM