News

Lloyds Banking Group has agreed to sell its remaining shareholding in TSB to Spanish bank Sabadell, in a deal which will value the bank at £1.7bn.

A former trader has become the third person to be sentenced in what marked the end of the first phase of the regulator's "largest and most complex insider dealing investigation" to date.

Advisers could face criminal charges under new powers for HM Revenue & Customs (HMRC) following the Budget if they fail to prevent tax evasion by inherited clients, a lawyer has warned.

Investors in a suspended unregulated fund have been offered the chance to get some of the £120m they invested back, by one investor who wants to buy their shares.

Openwork CEO Mary-Anne McIntyre is leaving the restricted network to join Old Mutual Wealth as chief distribution officer.

The FTSE 100 has hit a fresh record high after the US Federal Reserve signalled renewed caution on its path towards raising interest rates from their record lows.

The continued cut to the amount people can save in their pension pots before a tax charge applies could incentivise people to invest in higher risk products, an adviser has said.

Commentators have warned Chancellor George Osborne's new rules for VCT,EIS and SEIS investments, announced in the Budget, could create confusion and crowding in certain parts of the market.

The Financial Service Compensation Scheme has slapped a £20m interim levy on life and pensions intermediaries as it deals with "bad" self-invested personal pension (SIPP) advice.

The government is introducing an income tax exemption for payments made for advice on transfers out of defined benefit (DB) schemes.