News

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.

Halifax has become the fourth lender to launch a product range to support its participation in the NewBuy scheme.

Anthony Bolton is to extend his tenure as manager of Fidelity China Special Situations until April 2014.

An IFA has been instructed to compensate a couple their entire invested capital in a Keydata bond plus interest after an ombudsman found he "completely disregarded" their interests when advising them.

An independent adviser has been told he will not have to compensate a client he recommended invest in a Keydata product, even though an ombudsman ruled he had given unsuitable advice.

Almost one in ten people earning over £10m per year pays less than the 20% basic rate of income tax, according to Treasury figures.

Standard & Poor's (S&P) has reaffirmed its AAA credit rating for the UK and forecasts the government's net debt burden will peak next year.

Royal London Asset Management has been appointed to run a bond mandate for the National Employment Savings Trust (NEST).

Personal pension providers are exposing policyholders and millions of future auto-enrolled workers to significant governance failures, a lobby group has warned.

Nucleus has appointed Faith Liversedge to the newly-created position of IFA communications manager.