News

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.

David Hickey, chairman of the Lighthouse Group, has robustly defended the company's proposal to de-list from the AIM stock market, saying critics of the move are "ill informed or ignorant".

Resolution has cancelled an intended £250m payout to shareholders after reconsidering the expected capital requirements of Friends Life.

Amendments should be made to the Financial Services Bill to ensure the Financial Conduct Authority (FCA) properly promotes UK financial services in the global market, a think tank has said.

More than half higher rate taxpayers are failing to claim full 40% tax relief on their pension contributions, research commissioned by Prudential has found.