News

A film scheme marketed as a tax efficient way to invest in the movie industry and which had signed up former England football manager Sven-Goran Eriksson has been defeated by the Upper Tax Tribunal.

The Financial Services Compensation Scheme (FCSC) "continues to be challenged" by the complexity of some firm failures in the investment intermediation sector, its chief executive Mark Neale has remarked.

The government should reconsider its Help to Buy housing scheme, according to business secretary Vince Cable, who spoke of a "raging housing boom' in London and South East England.

The government will permit the transfer of cash saved in now-defunct child trust funds (CTFs) to junior ISAs.

Sixteen advisory firms have been declared in default in the Financial Services Compensation Scheme's (FSCS) latest round-up of failed financial businesses.

The Office for National Statistics (ONS) has confirmed the UK economy grew by 0.8% in the third quarter, but has revised upwards its growth figures for previous quarters.

Aegon UK is to buy Novia Investment Services Limited (NISL) from parent Novia Financial in a deal which brings its platform development business in-house, IFAonline's sister title Investment Week can reveal.

Hargreaves Lansdown co-founder Peter Hargreaves has donated close to £1m in company shares to charity.

Ratings agency Standard & Poor's has retained an AAA sovereign credit rating for the UK but says there is still a one in three chance of a downgrade next year.

Brooks Macdonald has signed an option agreement to acquire Levitas Investment Management for up to £24m.