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A bit of a pay war kicked off this week between the Serious Fraud Office (SFO) and the FSA. The head of the SFO wants to raise his staff’s salaries by 50% to put them on a par with their equivalents at the FSA.

When there is a flurry of tax reform, as there has been in the past year, some things tend to get lost in all the activity. This little gem had almost escaped notice.

IFAs were not particularly concerned about changes to the Managed sector definitions, according to the IMA's focus groups. After seeing the IMA's proposals for the shake-up, I would suggest they definitely should be.

Business consultant Steve Billingham says it is one thing to have a plan, but another thing entirely to carry it out effectively

The Reserve Bank of India (RBI) recently surprised financial markets by raising interest rates by 0.5%, to 7.25%. Not only was the increase double the expectation but the central bank voiced deep concerns about inflationary pressures in India.

Terry Smith, founder of Fundsmith, warns ETFs face a range of problems from potentially misleading investors to exposing buyers to counterparty risk.

Roderic Rennison, director of consultancy The Ideas Lab, slices the move to fees into three manageable chunks.

I have long been of the view that when economic historians review the last 20 years they will condemn Gordon Brown as one of the worst Chancellors (and Prime Ministers) we ever had.

Some things never change: Best dressed man goes to Justin Urquhart Stewart and IFP chief executive Nick Cann is suspiciously bronzed. But PIMS is about more than that, so here are a few highlights...

With embattled Dominique Strauss-Kahn resigning from the IMF amid rape allegations a vacancy has arisen for the top spot.