News

Hundreds of business owners affected by Royal Bank of Scotland's "turnaround" division for struggling companies are planning to sue the bank through a group legal action.

A slow recovery among nations using the euro is holding back the global economy, the Organisation for Economic Co-operation and Development has said.

The chief executive and a former director of the tax specialist arm of financial group Montpelier have been cleared of cheating the public revenue of £1m, after HM Revenue and Customs (HMRC) dropped the case against them.

Platforms could be hit with a £10m bill in order to make sure they comply with new EU tax rules, the Tax Incentivised Savings Association (TISA) has warned.

Tax planning specialist Octopus has hired Shaun Sandiford from AXA Elevate to head up its relationships with platforms.

Confusion about changes to pension rules will drive a huge surge in demand for pensions advice, according to a FundsNetwork adviser poll.

Scottish fund managers have suffered outflows in recent months amid increased uncertainty over the outcome of the country's independence referendum.

The Association of Professional Financial Advisers (APFA) met with the Financial Conduct Authority today (FCA) as it continues to push the regulator over an adviser long-stop.

The Chancellor's pension reforms will see over-55s take out a total of about £5bn from their pension pots after the rules change in April next year, an actuarial firm predicts.

The Baring Multi-Asset fund has lost more than half of its assets in a month after Andrew Cole, Percival Stanion and Shaniel Ramjee left the group.