News

The Chancellor is expected to offer a lifeline to six million children by allowing savings in child trust funds (CTFs) to be switched into Junior ISAs (JISAs).

The new dedicated Middle East & North Africa (MENA) presence will offer speciality insurance products giving customised solutions against the growing risks in the region.

Cyprus turned to Russia for help on Tuesday night after the country's parliament overwhelmingly rejected a tax on the deposits of bank savers.

Some of the UK's biggest high street banks are failing to give the right advice to customers on transferring and managing their cash Isas, according to the results of a 'mystery shopping' exercise.

Lighthouse group has reported losses of £4.6m in 2012, up from a loss of £2.7m in 2011.

Gottex Fund Management is to take a majority stake in UK multi-asset boutique Frontier Investment Management.

Axa Elevate has questioned the decision by a number of major platforms to eschew clean share classes, despite increasing Financial Services Authority (FSA) action against rebates.

The government is to announce further spending cuts in Wednesday's Budget, with the savings going to large-scale infrastructure projects designed to boost economic growth, according to reports.

Advisers should consider selling their businesses within the next 18 months before prices offered by consolidators fall, according to a consultancy firm.

Retirement Planner's round-up of the top pension stories this week.