News

The Financial Services Consumer Panel (FSCP) has downplayed prospects of a cap on liability for financial advice, indicating it would strongly oppose any reintroduction of the 15-year long-stop.

Bank of England governor Mervyn King has called the end of the recession in the UK and pointed to signs of growth returning to the economy.

Victims of Bernard Madoff's fraud are being mailed a slice of a $2.4bn payout, bringing their total recovery amount so far to more than triple the amount initially set aside.

A Conservative Party treasurer has called on the government to compete with offshore tax havens by easing the tax burden on wealthy foreigners who invest in hedge funds.

A former minister who lost his job in the reshuffle has criticised the government for failing to deal with the burden of long-term care costs, suggesting the Treasury has "no sense of urgency" about the issue.

Wealth adviser Towry has completed a £47.3m refinancing package with lenders Macquarie and Royal Bank of Scotland, in order to streamline the business ahead of a possible IPO.

IFA support group Tenet is offering its member advisers access to permanent professional indemnity insurance (PII) in what the group said was the first commercial deal of its kind.

Her Majesty's Revenue & Customs (HMRC) has won a court case defeating a widely-used scheme to avoid stamp duty land tax (SDLT).

F&C Investments has cut the annual management charge (AMC) across its £385m Lifestyle range, run by co-heads of multi-manager Gary Potter and Rob Burdett.

Broker oriel Securities has compiled a list of investment trusts trading on discounts which, it says, are simply too cheap to ignore...