News

Accountancy and advisory group RSM Tenon is facing legal action relating to its decision to shut its specialist tax business earlier this year.

The Equity Release Council reports an 11% increase in equity release borrowing in Q3 2012.

A man has been arrested for plotting to detonate a bomb in front of the Federal Reserve in New York, following a sting operation conducted by US authorities.

The number of financial advisers operating in the United States has fallen dramatically in the last few years and is likely to decline further as direct-to-consumer (D2C) propositions attract investors, a study suggests.

The Financial Services Authority (FSA) was aware of the mis-selling of payment protection insurance (PPI) as long ago as 2005 but was hampered from reacting adequately due to flaws in its regulatory approach, Martin Wheatley has admitted.

The coalition needs the support of more than "two of its closest pals" to divert the impact of Solvency II, Lord Mandelson has warned.

The over 60s are saddled with the highest levels of overdraft debt, according to research from the Consumer Credit Counselling Service (CCCS).

Royal Bank of Scotland (RBS) has closed its Volatility Controlled Cautious Managed and Balanced Managed funds less than two years after launch, after both funds racked up heavy losses.

People are significantly limiting their retirement income by putting off pension planning until their early 30s, according to Friends Life.

Merchant House has said the "complex" process of re-authorising advisers following its acquisition of IFA group Clarkson Hill in 2010 was a big contributor to group losses of £5.6m last year.