News

The number of companies, governments and other institutions facing downgrades doubled in the first half of 2012, according to Fitch Ratings.

Treasury minister David Gauke has said it is "morally wrong" to pay tradesmen in cash, in the hope of avoiding tax.

Actions not words are needed to end the "rip-offs" in private pensions, Labour's shadow pensions minister has said.

Former Cabinet Secretary Lord O'Donnell has emerged as one of the leading frontrunners to take the role of Barclays chairman.

The Financial Services Authority (FSA) is planning to ramp up its efforts to make consumers aware of the Retail Distribution Review (RDR) next month.

The Law Commission is to move to protect consumers from unfair clauses hidden in the small print of financial services contracts.

The Board of financial adviser Lighthouse Group has moved to end speculation over its plans to de-list the company from the AIM stock market.

Six men have been convicted of offences relating to insider dealing which netted them £732,000 in profits.

Newton is to launch an Emerging Markets Income fund for Jason Pidcock to complement the manager's existing £2.1bn Asia Income fund.

The 2% floor in gilt rates, set by HM Revenue & Customs in 2011, should be lifted to 3% or 4% to ease financial pressure on pensioners in drawdown, a provider has said.