News

National Savings & Investments (NS&I) has cut the interest rate on its Direct ISA by 0.25% per annum to reflect similar moves across the market.

Fee-charging debt management plans (DMPs) are more likely to fail than free schemes, according to research.

Lloyds Banking Group is hoping to raise £1bn from the sale of its 60% stake in St James's Place Wealth Management(SJP), according to reports.

The Serious Fraud Office (SFO) has officially ended attempts to trace the assets of Keydata bond manager SLS Capital SA, after a lack of success.

Britain's largest bank HSBC has set aside an extra $800m to cover settlements for breaching anti money-laundering rules in the US.

Weaknesses in the Bank of England's forecasting process have been highlighted in a review by an ex-Federal Reserve official.

The Office for National Statistics (ONS) is to launch an additional measure of consumer prices inflation which includes housing costs.

Professional services firm threesixty has launched a suite of services aimed at businesses looking to buy up IFA firms.

HSBC is to convert its whole-of-market advisory proposition into a restricted advice model next year, Investment Week, IFAonline's sister title, understands.

GILTS