Positive Solutions reports pre-tax losses for 2009 in excess of £7m, due largely to a one-off multi-million pound tax hit.
Up to 1,500 investors in Keydata-style life settlement-backed products have been told they will receive a fraction of their expected return because the bonds failed to get regulatory approval.
Full text of the Chancellor of the Exchequer George Osborne 's speech to delegates at the Conservative party conference in Birmingham.
Chancellor George Osborne today made a dramatic pledge to "do everything" to make Britain the most competitive place in the world to do business.
The BBC has raised its pensions offer to staff and staved off next week's planned strike at the broadcaster.
Northern Rock's "bad bank" has been merged with Bradford & Bingley(B&B)in a single holding company to try to improve taxpayer returns.
Advisers need to budget profits as an essential ‘cost', on a par with rent and staff wages, or risk going out of business, warns the head of financial planning at Macquarie Bank UK.
Advisory firms not actively preparing for the RDR will be considered investigation targets by the FSA, warns a City lawyer.
Aegon could relocate outside the European Union (EU) to stay competitive with global rivals once Solvency II comes into force, its CEO warns.
The FSA wrote to ten IFA firms selling Keydata products with serious concerns about the suitability of their advice as early as October 2007, but failed to alert the wider industry or investors.