At least one of the two 'alternative' investment schemes declared unlawful by the High Court in a case filed by the Financial Conduct Authority (FCA), has been cleared to appeal the decision.
The Financial Conduct Authority (FCA) has won its battle against two unauthorised investment schemes after the High Court ruled they were to be classed as collectives and therefore must be regulated.
Alistair Mawdsley, managing director of Connaught Asset Management, explains what the FSA review of unregulated collective investment schemes needs to accomplish.
Her Majesty's Revenue and Customs (HMRC) has launched a consultation on how to tackle tax avoidance via unauthorized unit trusts (UUTs).
The Financial Services Authority is proposing changes to its ‘permitted links' rules which will allow insurance companies to offer a wider range of investments, including access to property funds as an investment.
GORDON BROWN has been told to either cut spending or raise taxes, according to this morning's papers.
Multimanager investment funds have been granted a reprieve from the possibility of an additional 10% tax on their investments but those in qualifying investor schemes will still be hit.
Cooperative Insurance Services is cutting around 2,500 jobs from its financial services division, but has plans to create at least 500 customer facing jobs.