News

Barclays has bought ING Direct UK and will merge the outfit into its retail banking operations.

The International Monetary Fund (IMF) has told the UK to prepare to revise its economic strategy if growth continues to disappoint, the FT reports.

A large number of applicants hoping to become the next Bank of England (BoE)governor are from India, including one who is serving a prison sentence, The Times reports.

HM Revenue & Customs (HMRC) is to publish further guidance on whether discretionary fund managers should be eligible for VAT payments.

OBSR founders Richard Romer-Lee and Nigel Whittingham have left Morningstar OBSR to take a career break from the industry.

Aegon has declared its "full support" and confidence in the future of its national IFA brand, Positive Solutions, despite a number of high-profile departures and disruption caused by an exit clause introduced last year.

The banning of marketing "packages" between providers and advisory groups would bankrupt most networks and support service providers, Threesixty managing director Phil Young said.

Fund groups are preparing for a price war in the first quarter of next year as they overhaul their charging structures ahead of RDR.

The Conservative government will not introduce a 'wealth' or 'mansion' tax on the rich, but will step up its pursuit of those who are not paying the taxes they should, Chancellor George Osborne said today.

Independent financial adviser Paradigm Group is to launch an asset management business offering discretionary fund management services.