News

Britain's economy would suffer harsher consequences than Germany's should the eurozone break up, a consultant has predicted.

A top Bank of England economist has said his profession should take part of the blame for the financial crisis, according to the Telegraph.

The Association of Independent Financial Advisers (AIFA) has criticised a proposed redress scheme for investors in Arch Cru.

An IFA who was sacked after an allegation that she drunkenly abused a client has won her two-year unfair dismissal battle with her former employer and been handed £25,000 compensation.

Honister Capital administrator Grant Thornton has sold its advisers' commissions to a corporate advice firm, with some IFAs forced to pay more than 50% of commissions to novate clients to another firm.

The Serious Fraud Office (SFO) has pledged to continue its investigation into a property magnate linked to the collapse of Icelandic bank Kaupthing, despite a setback in the High Court related to search warrants it obtained as part of its inquiries.

First State Investments will no longer accept new platform business for its £5.6bn Asia Pacific Leaders and offshore Global Emerging Markets Select funds in an effort to limit inflows.

Retirement Planner's round-up of the top pension stories this week.

In this week's quick fire poll we ask: Do you think the latest pension Key Feature Illustration changes from the FSA will benefit consumers?

Charlie Porter is to step back from his role at the helm of F&C Investments, Investment Week understands.