News

Wealth manager The Inspire Group has said it plans to acquire some 20 IFA businesses over the next 18 months, with the aim of accumulating assets in excess of £1bn and making it a major player in the IFA sector.

Sir Mervyn King, the outgoing governor of the Bank of England, has written to a small business owner to offer his sympathies after the man's own bank refused him a loan.

Just Retirement has called on government to it make compulsory in the incoming Care and Support bill that local authorities refer care funders to regulated financial advisers.

The Office of Fair Trading (OFT) has told the country's 50 leading payday lenders that they have 12 weeks to change their business practices or risk losing their licenses.

The Serious Fraud Office (SFO) has launched a joint investigation with Essex Police into complaints in relation to the Harlequin group.

Structured products distribution specialist, Gilliat Financial Solutions, has launched its first offshore structured deposit.

Sir Hector Sants, the former Financial Services Authority (FSA) chief, rejected calls for an investigation into LIBOR abuses in January 2009, it was revealed yesterday.

The Dow Jones Industrial Average - one of the two most quoted indices in the US - has hit a record high above 14,200 points, surpassing its 2007 peak.

Former Premier League footballer Robbie Fowler has launched a property academy for buy-to-let investors to learn the tricks of the trade.

Insurance giant Legal & General (L&G) has reported increased operating profit of £1,087m following double digit sales growth.