News

Alliance Trust Savings (ATS) is to convert its legacy business to clean share classes, after HM Revenue & Customs (HMRC) announced it will tax unit and cash rebates.

The Financial Conduct Authority (FCA) has described mortgage arrears and forbearance management as a ‘key area' for the new body in 2013 and announced the launch of a thematic review.

UK Asset Resolution (UKAR), which holds the toxic assets of former lenders Bradford & Bingley and Northern Rock, repaid £4bn to the taxpayer during 2012.

The Financial Services Authority (FSA) has finalised new rules and regulations for financial benchmarks as it attempts to "bring integrity" back to the London Interbank Offered Rate.

Platforms have predicted the swift death of the rebate model following confirmation that HM Revenue & Customs (HMRC) will apply income tax to both unit and cash rebates.

BlackRock is merging its UK Dynamic fund with its UK fund as part of a wider UK equity overhaul as Mark Lyttleton resigns from the group.

The Financial Services Authority (FSA) is planning to up its focus on advisers and wealth managers placing large amounts of client money in a single fund, amid fears some firms are not carrying out sufficient due diligence.

Wealth at Work is working with SAGA to provide a retirement income service to members.

Standard Life has named Eddy Reynolds as its head of adviser and investment proposition, in a newly created role.

The Financial Services Authority (FSA) has confirmed its approach to temporary product intervention and said the incoming Financial Conduct Authority (FCA) "will not hesitate" to use its powers.