News

Suffolk Life has acquired the self-invested personal pension (SIPP) business from Yorkshire-based wealth management business Pearson Jones.

Skandia's confidence barometer reveals that international advisers'confidence in the global economy has increased for the third quarter in a row taking the rise in confidence up to six out of 10 - up from 5.8 at the end of last year.

A joint investigation by the UK, the US and Australia to identify those using offshore tax havens to hide wealth has uncovered more than 100 people.

Britain's recovery is gathering momentum on the back of a "stunning" resurgence in manufacturing, economists said, as advertising spending - another economic bellwether - bounced back to levels not seen since the recession struck.

The Co-op could require taxpayer support for its banking arm after the business had its credit rating downgraded by Moody's, which warned the mutual faced losses that it might not be able to afford.

Standard Life is poised to launch several hundred "super-clean" classes in the second half of 2013, despite scepticism the platform will be able to agree terms with fund groups.

Some bonds and bond proxies are looking overvalued, pointing to a "very visible bubble", according to Cazenove multi-manager Robin McDonald.

A City of London call centre at the heart of a pension liberation operation has been raided by police and several people have been arrested.

Investors in Prudential are being urged to oppose the re-election of the insurer's chief executive Tidjane Thiam.

HM Revenue & Customs (HMRC) has begun a probe into more than 200 advisers, lawyers and accountants suspected of using offshore trusts to illegally evade UK tax.