News

Cyprus' plan for an unprecedented 10% tax on savers has been dubbed a "monumental error of judgement" by one commentator, but it does leave some assets looking attractive.

TailorMade Independent, a distributor of Harlequin Property investments, has had its permissions changed to restrict its ability to carry on new pensions business.

Poor households are the biggest losers from the government's tax policies, TUC research reveals.

Almost half the funds in the Investment Management Association (IMA) Global Equity Income sector have cut dividend payouts over the past year, leading some wealth managers to caution income hunters when allocating to the increasingly popular space.

Jupiter CEO Edward Bonham Carter has sold 750,000 shares in the group, bringing his shareholding down below 3%.

Nucleus has become the first platform to launch its own annuity portal.

Peter Craddock, the group operations director at Perspective Financial Group, has been appointed to the board of the Association of Professional Financial Advisers (APFA).

James Hay Partnership has started quoting drawdown business at 120% GAD before legislation is changed on 26 March.

Miton Group - Gervais Williams' fund management company - has announced plans to launch a range of UK equity funds after a positive year for the group which saw assets climb towards £2bn.

Major indices across Europe fell in early trading on Monday as investors were spooked by Cyprus's decision to impose an unprecedented bank levy on deposits held in the country.