News

Government plans to crackdown on aggressive tax avoidance schemes by forcing companies to hand over details of wealthy clients using the set ups.

Pensions minister Steve Webb has announced a clampdown on unfair pension fees which have 'torn the heart' out of savers' retirement funds.

European Commissioners are set to make interest rate rigging a criminal offence after the LIBOR scandal, according to reports.

At least $21trn of unreported private wealth was being hidden in secret tax havens at the end of 2010 by the world's super rich, a major study has revealed.

Invesco Perpetual's Neil Woodford has said he expects profit warnings will come "thick and fast" in the near term after identifying them as a key risk to markets in the current environment.

European equity markets have slumped in afternoon trading as Spanish 10-year bond yields approach record highs once again.

The National Employment Savings Trust (NEST) has ended its first ten months in operation with less money in its fund accounts than were made in initial contributions, after one member died and contribution charges ate into member pots.

A proposed £110m redress scheme for Arch Cru investors could "irreparably" damage firms forced to pay for the failures of others through the Financial Services Compensation Scheme (FSCS), the regulator has been warned.

The Money Advice Service (MAS) was forced to remove several links from its website after a backlash from angry brokers over web links directing consumers to three advice firms.

Old Mutual is preparing to cut 30 jobs as it merges Skandia Investment Group and Old Mutual Asset Managers into a single division.