News

London & Colonial is on the brink of launching two versions of a Gibraltar-registered QROPS - a ‘lite' version alongside a full QROPS product are planned to come on stream this April.

Chancellor George Osborne is to tell the electorate this week that his debt plans are in ruins, with the deadline for bringing UK debt down pushed back by many years.

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.

Politicians in Cyprus are to hold an emergency parliamentary session to debate the 10bn-euro bailout which has angered the public.

Chancellor George Osborne is to bring forward the introduction of the flat-rate state pension and the cap on social care by a year.

More than 20 fund management groups are to set to make a formal offer to buy 315 Royal Bank of Scotland (RBS) branches, the Sunday Times reports.

The Financial Services Compensation Scheme (FSCS) has cut its interim levy for investment intermediaries for 2012/13 from £25m to £20m, and has said it will not rule out pre-funding as a means of raising cash for the scheme.

Alliance Trust Savings (ATS) is in advanced negotiations with around 30 fund groups over adding clean share classes to the platform.

The Financial Services Authority (FSA) has apologised for comments made by staff and its overall conduct during a meeting with an unnamed firm.

The Financial Services Authority (FSA) is warning consumers of a new tactic adopted by fraudsters - setting up fake versions of its website and register.