News

Official GDP figures for the second quarter will be revised later today after better-than expected construction and industrial production figures.

Royal Bank of Scotland (RBS) will be hit with greater fines than Barclays over the LIBOR-fixing scandal, a member of the Treasury select committee has claimed.

GHC Capital Markets has linked with Intelligent Money to launch a new low cost self-invested personal pension (SIPP) for clients using its investment management service.

Legg Mason has added its $1bn Brandywine Global Fixed Income fund and 16 other offshore offerings to the IMA's fund sectors for the first time.

A former Honister adviser has been jailed for two years and nine months for swindling clients out of £380,000.

Former Polly Peck International (PPI) owner Asil Nadir has been jailed for ten years for stealing £29m from his businesses 20 years ago, the BBC reports.

Pensioners are being left "permanently impoverished" by quantitative easing (QE) and analysis from the Bank of England (BoE) denying negative impacts is wrong, Ros Altmann has said.

Association of British Insurers (ABI) will work with the Financial Services Authority (FSA) and The Pensions Regulator (TPR) on a consistent ‘disclosure protocol' for pension charges.

Auto-enrolment will reduce demand for self-invested personal pensions at the lower-earning end of the retirement market, Martin Tilley, technical services director at Dentons says.

The Financial Services Authority has hit the "nuclear option" with its plans to ban the sales of unregulated collective investment schemes (UCIS) to most retail customers, according to a regulatory law expert.