News

The Financial Services Authority (FSA) has appointed two new non-executive directors to the board of the Financial Services Compensation Scheme (FSCS).

The FTSE 100 looks set to break the 6,200 level, the first time since May 2008, continuing the rally that has propelled markets since the beginning of the year.

The Monetary Policy Committee (MPC) voted unanimously to hold the bank rate at 0.5% at the last meeting, while all but one member voted to maintain the QE programme at £375bn.

The regulator's vastly improved thematic communication and knowledge sharing means advisers should view it as a valuable resource, according to RSM Tenon's head of wealth management John Porteous.

Barclays has threatened "substantial" job cuts in its London investment bank, ahead of a review of its operations by new chief executive Antony Jenkins.

Nearly one in five of those planning to retire this year will have debts averaging £31,200, according to Prudential.

HM Revenue and Customs (HMRC) is considering taxing fund rebates paid by platforms to consumers in the latest crackdown on the payments.

The Association of Investment Companies (AIC) has warned venture capital trust (VCT) fundraising will halve next year, if the vehicles are not granted an exemption from the Financial Services Authority's (FSA's) sales ban on unregulated collective investment...

The outgoing governor of the Bank of England (BoE), Mervyn King, has said it may be time to review the UK's inflation target, but rejected a suggestion by his successor that central bankers should abandon inflation targeting altogether in times of economic...

In this week's quick fire RP poll we asked: Will your capped drawdown clients make use of the increase in maximum income when it comes into force in March?