News

The Treasury raised an extra £1.3bn from income tax in the first month since the introduction of the 45p top rate, according to the latest figures.

Fear of a sudden market correction is causing pension fund managers in Europe to cut equity allocations as trustees and corporate sponsors remain focussed on managing volatility in pension plan funding positions.

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Households and businesses should be told that borrowing costs will remain at rock-bottom levels until the economy is motoring again, the International Monetary Fund has said.

Lloyds has said it will raise £450m in gross proceeds by selling a 15% stake in wealth manager St. James' Place (SJP).

Many UK-listed stocks have got off to a flying start in 2013, with indices approaching all-time highs, but some companies have been given a rough ride by markets, destroying shareholders' capital in the process.

Cofunds chairman Charlie Eppinger is to step down as the acqusition of the platform by Legal and General completed.

Lloyds Banking Group has moved to place a further 15% of St James's Place (SJP) shares that it owns into the market in a surprise move which will leave it with just 21% of the company's share capital.

iPipeline has launched an electronic common quotation form for annuities on its platform.

Women on average earnings who take career breaks could be damaging their pension by £4,680 a year, research reveals