Obwalden, a Swiss canton, has been accused of creating financial "apartheid" over plans to lure millionaires to the area to boost their tax revenue.

Here we list who has moved where in another busy week in the offshore sector.

Some 96% of companies are planning changes to their workplace pension schemes, PricewaterhouseCoopers research reveals.

The number of regulated firms and approved persons (ARs) in the financial sector dropped substantially in the last 12 months as a recession swept across the UK.

The number of complaints received by the FSA last year soared 129% on the previous 12 months, the regulator reveals today.

Members of the Legal & General (L&G) Mortgage Club have voted overwhelmingly against the use of dual pricing by lenders.

Sesame is piloting a study programme to support advisers taking the CII's J01 exam this October in a bid to increase pass rates.

Life insurance providers will see around a third of their revenues come from products that have yet to be developed, according to State Street senior vice president, Wade McDonald.

The IMA UK Corporate Bond sector has remained a firm IFA favourite taking 17% of total advised sales during May, according to Fidelity FundsNetwork's monthly figures.

Royal Bank of Scotland, now 70%-owned by the government, lost more money last year than any other bank in the world, new figures out today confirm.