News

A group of 1,100 Harlequin investors is proposing to make an offer to the company's chairman, David Ames, to put the troubled overseas property company's assets in a trust while a managed wind down of the business is achieved.

The Personal Finance Society (PFS) has called for a better recognition of the rising standards in the professional advice community on the back of recently published complaints figures.

A lack of further easing from the Japanese authorities coupled with fears over QE in Europe rattled markets today, sending the FTSE 100 to a seven-week low, with asset managers among the biggest fallers.

The High Court has approved a procedure for distributing the approximately $1bn of client money held by the UK arm of failed investment firm MF Global.

A tax avoidance scheme which routed profits of a tax advisory business through employee benefit trusts has been closed by a tribunal.

The Financial Conduct Authority (FCA) has fined Xcap Securities, a retail investment and capital markets business, £120,900 for failing to adequately protect client money and client assets.

National Savings & Investments (NS&I) is reducing the interest rates on its income bonds, Direct Saver and Direct ISA from September, to reflect the low interest rate environment.

Wealth managers in Hong Kong and Singapore put conflicting regulatory regimes high on the list of concerns when it comes to managing client data.

Charles Stanley has raised its final dividend by 4.4% after reporting an 8% increase in adjusted pre-tax profit for 2012-13.

More than a third of do-it-yourself (DIY) investors say a financial adviser's knowledge of products, including tax and charges, is the most valued part of their service, according to research from Prudential.