News

Stirling Mortimer, the offshore property fund caught up in a dispute over €9.8m of cash which went missing from one of its cell funds, has agreed an out of court settlement to end an upcoming legal battle.

Greece has fallen out of a list of the top ten riskiest sovereign credits after restructuring its debt, but a number of other sovereigns are still at risk, new research has revealed.

Asian markets fell overnight after data was released showing foreign investment into China slowed for a fifth month in a row.

Most IFAs would reduce fees for clients with pension pots worth less than £50,000, research suggests.

Downing Street has said the government will launch a formal consultation in the summer over its plans to limit the tax relief on charitable donations.

The chief executive of Arch Financial Products (AFP) has hit out at Capita after the board it appointed to administer the Arch Cru cells hit him with a £26.6m lawsuit.

The Investment Management Association (IMA) committee carrying out a review of the Absolute Return sector is divided over whether to change the sector's name, Investment Week, IFAonline's sister title, reports.

Advisers have criticised the Ministry of Justice (MoJ) for failing to protect firms from invalid mis-selling cases levelled by claims management companies (CMCs).

The Ministry of Justice (MoJ) has shut down about one in five claims management companies (CMCs) over the past year, in many cases following complaints from consumers.

A Newport-based financial adviser has admitted to fraudulently gaining almost £250,000 from clients and an insurer, as well as perverting the course of justice.