News

Just under a third (31%) of financial advisers believe that stagnant or negative UK GDP growth will be the biggest challenge to investment growth in 2013, according to the latest Barings Investment Barometer.

The final cost to the country's banks for payment protection insurance (PPI) mis-selling is likely to be about £25bn, according to The Times.

Elderly people will now have to pay £75,000 towards their care home bills before the government steps in to provide financial help.

International banks have given greater flexibility and a longer deadline to meet Basel III liquidity rules.

UK interest rates will stay at historic lows for four more years as the economy struggles to return to normal growth levels, Citi has predicted.

The Chancellor is on a collision course with bond markets over plans to change how inflation is calculated. The switch could bring the exchequer a £3.8bn windfall from a reduction in interest payments.

Senior backbench MPs are being lobbied to set up a powerful US-style committee that would scrutinise the public finances as a whole and try to head off major fiscal disasters.

A lottery winner who invested £250,000 in Arch Cru is facing substantial losses after her financial adviser went out of business, only to re-emerge as a new firm months later.

A wall of cash running to tens of billions of pounds could be about to flee from government bonds into the stock market, top investors have warned.

Lawyers have said a High Court ruling permitting a couple to sue their IFA for more than £500,000, despite having accepted the maximum amount of compensation available via the Financial Ombudsman Service (FOS), is "bad news" for advisers.