News

Senior backbench MPs are being lobbied to set up a powerful US-style committee that would scrutinise the public finances as a whole and try to head off major fiscal disasters.

A lottery winner who invested £250,000 in Arch Cru is facing substantial losses after her financial adviser went out of business, only to re-emerge as a new firm months later.

A wall of cash running to tens of billions of pounds could be about to flee from government bonds into the stock market, top investors have warned.

Lawyers have said a High Court ruling permitting a couple to sue their IFA for more than £500,000, despite having accepted the maximum amount of compensation available via the Financial Ombudsman Service (FOS), is "bad news" for advisers.

Advisory businesses are acknowledging the benefits of execution-only capability, but struggling to build viable propositions, according to one major adviser support group.

Cofunds is continuing maintenance on its capital gains tax (CGT) calculator following fresh complaints from advisers.

Burgeoning demand for top-end houses created more than 47,000 new property millionaires in the UK in 2012, taking the total number to 300,142, according to property website Zoopla.co.uk.

Three top multi-managers tell Joanna Faith how they navigated their portfolios through last year's ongoing uncertainty.

The Financial Services Authority (FSA) has fined the Co-operative Bank £113,300 for "serious failings" in its handling of complaints arising from sales of Payment Protection Insurance (PPI).

Minutes from the latest Federal Reserve meeting suggesting its quantitative easing programme could end sooner than expected have hit equity markets overnight.