News

HMRC paid out a record £400,000 in 2013 to people whistleblowing on tax avoidance activities, a Freedom of Information (FoI) request has revealed.

The Financial Conduct Authority (FCA) has discontinued an investigation into whether a distribution deal between Partnership Assurance and an advisory firm contravened its rules on incentives, according to the provider.

Long-time proponent of risk targeted investments Rathbones' chief executive Mike Webb has said the method makes fund managers work harder for investors, and can help advisers stay on the right side of the Financial Conduct Authority (FCA).

UK GDP growth stood at 0.7% in the third quarter, according to the Office for National Statistics (ONS), down from 0.9% in Q2 but in line with economists' expectations.

A group of investors in troubled overseas property scheme Harlequin have dropped a case against the scheme's chairman David Ames, and his company director wife Carol, that alleged the pair made false claims about the investment.

The UK must contribute an extra £1.7bn (€2.1bn) to the European Union's budget after the economy performed better than expected.

The bad news continued for embattled retailer Tesco yesterday after its credit rating was downgraded by two key agencies.

Retail sales at Axa Wealth were up 3% to £2.5bn in the third quarter with funds under management at the firm swelling by 10% to £27bn.

The government's free impartial at-retirement guidance is aimed at middle Britain, not high or low net worth individuals, pensions minister Steve Webb has told MPs.

Attendees of the Aberdeen UK Platform Awards 2014 have been praised for their generosity after a record £30,000 was raised for mental health charity Mind.