News

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.

Andrew Meeson and Peter Spencer Bradley have been jailed for eight and half years each for their roles in a £5m pension tax fraud dubbed by a judge as "stealing money hand over fist".

AXA Wealth had added more than 1,000 additional clean share classes to its Elevate platform, taking the total available to 1,600.

The Financial Services Authority (FSA) has outlined plans for a further clampdown on referral fees paid by discretionary fund managers (DFMs) to advisers.

Standard Life has confirmed that trail commission will be switched off on 12 of its legacy products where clients increase or restart regular payments, even if the activity is non-advised.

Pensions minister Steve Webb has reiterated his interest in providing guaranteed returns in defined contribution schemes to create of risk-sharing ‘defined ambition' vehicles, describing it as a "stunning sales pitch".