News

Former tax boss Andrew Meeson took the stand at Birmingham Crown Court yesterday to deny allegations he played a leading role in a £5m pensions tax relief fraud.

Describing the Financial Services Authority (FSA's) emphasis on exam taking as an "insult", one adviser of 45 years has stopped advising and is now offering financial training instead.

Aegon has launched a new pension product utilising elements of its platform technology.

Paul Feeney, the chief executive of Skandia's parent company Old Mutual Wealth, has vowed to tackle a series of administration problems impacting users since the start of the year.

Former Cofunds head of commercial Russell Lancaster is joining Fidelity as sales director.

Royal Bank of Scotland (RBS) is to pay up to £250m in bonuses to its investment banking division, including to those implicated in the LIBOR-rigging scandal.

The Financial Ombudsman Service (FOS) is currently upholding about 47% of all complaints, according to the FOS' own figures.

London's leading share index soared to its highest level since May 2008 in afternoon trading yesterday, breaking through the 6,300 barrier, as the New Year rally continues to gather pace.

Underlying profits at Mattioli Woods were up by over a quarter to £2.5m and total client assets rose to £3.2bn in the six months to November last year show.

A European court has cleared the Icelandic government of failing to guarantee minimum levels of compensation for UK and Dutch savers in the collapsed Icesave bank.