News

Positive Solutions has reported profits before tax of £2.3m for last year, wiping out a £0.4m loss in 2011, as it strives to offer a "John Lewis level" of customer service to its advisers.

The initial hike in the state pension age (SPA) for women improved public finances by £2.1bn as employment rates for both women and men increased, research from the Institute for Fiscal Studies (IFS) has found.

The Financial Services Authority (FSA) has criticised an independent consultant appointed to review the Arch Cru funds for banned adviser Stephen Danner.

The falling value of the pound means that the cost of running an overseas property has increased and those wishing to sell face a rising capital gains tax bill.

The Euro Group's new president has warned the UK could be facing a "new sterling crisis" as concerns grow over the state of public finances.

The ex-boss of the Serious Fraud Office (SFO) has been attacked by a panel of MPs over his 'shocking' stewardship of the organisation.

Barclays chief executive Antony Jenkins has suggested the growing automation of the banking system could result in massive job losses over the next ten years.

The Bank of England's latest thoughts on introducing negative interest rates to encourage higher lending from banks are 'somewhat schizophrenic', a leading economist has said.

Chancellor George Osborne is set to give incoming Bank of England Governor Mark Carney more powers in a bid to revive the flagging UK economy.

The LV= with-profits fund achieved an investment return of 9.9% in 2012 while bonus rates for policyholders have been held or cut, the firm has confirmed.