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News

UK

UK loses prized AAA credit rating

Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.

clock 23 February 2013 •

Equities

FTSE rebounds after worst day for seven months

The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.

clock 22 February 2013 •

RDR

Billingham: advisers want the RDR in Jo'burg, Bangkok and Delhi

Financial advisers and regulators around the world are looking to the UK's Retail Distribution Review (RDR) as the model to follow for good practice, according to Phil Billingham.

clock 22 February 2013 •

Equities

Old Mutual to merge away Skandia UK Best Ideas

Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.

clock 22 February 2013 •

Your profession

Tenet confirms Richards' replacement in restructure

Tenet has made a number of appointments following the departure of Keith Richards to head the Personal Finance Society.

clock 22 February 2013 •

Economics / Markets

BoE confirms talks with China over currency swap

The Bank of England has revealed it is in talks with the People's Bank of China about agreeing a currency swap deal to help ensure greater financial stability.

clock 22 February 2013 •

Long Term Care

HSBC calls for greater policymaker LTC intervention

HSBC has called for greater policymaker intervention on raising awareness of retirement income shortfall given "massive" long-term care cost increases.

clock 22 February 2013 •

Your profession

Openwork reverses £13m loss to post first ever profit

Restricted adviser network Openwork has posted its first ever profit as a standalone trading company, reversing a loss of more than £13m in 2011.

clock 22 February 2013 •

Your profession

Ex-IFA wedding venue owner leaves couples in chaos

A former IFA has left up to 15 couples without a wedding venue after the inn she owns backed out of hosting their big days.

clock 22 February 2013 •

Income

MPs may debate 'granny tax'

MPs may be forced to debate a controversial plan to halt age-related tax allowances - a move dubbed a ‘granny tax' - after an online petition opposing it garnered almost 100,000 signatures.

clock 22 February 2013 •
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