News

Lighthouse Group has strengthened its relationship with Foresters Friendly Society meaning that the society's full product suite will now be made available to Lighthouse advisers.

The incoming Financial Conduct Authority (FCA) may change rules introduced following the Retail Distribution Review (RDR) sooner than planned if it identifies widespread non-compliance or any harmful unintended consequences.

The new-look regulator is to carry out a review of the charges on UK retail funds as it is concerned they may be detrimental to consumers.

HM Revenue & Customs (HMRC) has ruled it will tax rebates paid to consumers.

The total amount required to fund the incoming Financial Conduct Authority's (FCA's) budgeted costs for 2013/14 has been estimated at £432.1m.

Law firm Carey Olsen has published an explanatory brief on the implications of the draft intergovernmental agreement (IGA) Guernsey is in the process of finalising with the UK covering a tax package of three initiatives.

Cyprus has agreed a €10bn bailout deal that will force large losses on some big deposit holders but avoids a controversial levy on all bank accounts.

Schroders has agreed a £424m cash offer for Cazenove Capital in a deal that significantly strengthens its private banking, wealth management and funds businesses.

House prices in England and Wales rose by 0.3% in March, the largest month-on-month increase since March 2010, figures suggest.

At first glance, Schroders' confirmation that is in talks to acquire Cazenove Capital makes perfect sense.