News

Barclays is set to close its 'tax avoidance' unit and announce a series of job cuts in its annual results, according to reports.

Restrictions attached to the National Employment Savings Trust (NEST) should be scrapped immediately, according to a group of MPs.

The government is set to impose a £95,000 "stealth tax" on inheritance to help pay for care for the elderly, according to the Sunday Times.

The FSA's proposed SIPP capital adequacy measures risk causing consumer detriment according to the Association of Member Directed Pension Schemes (AMPS).

Barclays has questioned the impact of Henderson's 'costly' advertising campaign, which featured former Chelsea manager José Mourinho.

Firms are "cautiously optimistic" about the future, according to the Institute of Financial Planning (IFP), though some are still struggling to implement changes to their back office systems post-Retail Distribution Review (RDR).

Aberdeen Asset Management is to raise the initial charge on a number of emerging markets funds to 2% in order to stem inflows and avoid liquidity issues.

An activist shareholder is demanding US technology giant Apple pay out more of its $137bn (£87bn) cash pile to investors.

Zurich is set to offer its protection proposition on its retail platform later in the year, to offer IFAs a complete holistic view of financial plans.

The Association of Mortgage Intermediaries (AMI) said it expects advisers' share of the mortgage market to increase markedly this year as a raft of changes boost their prospects.