News

Charges on a government-backed UK infrastructure vehicle owned and run by UK pension funds will be capped at 0.5%, the Treasury has confirmed.

Jersey has signed a Double Taxation Agreement (DTA) with Hong Kong, seen as another key step in growing business in the region.

The FSA has banned two advisers for not being "fit and proper".

Investment trusts have substantially outperformed unit trusts and OEICs over the past decade, according to research.

Payday lenders are to be investigated by the Office of Fair Trading (OFT) over concerns customers are not being treated fairly.

The European Commission (EC) is to consider creating an ombudsman to help expats in southern Spain reclaim against unregistered financial firms that may be exploiting them.

A second official estimate of UK GDP has confirmed the economy shrank by 0.2% in the final three months of 2011.

Sanlam UK has inked a deal with Statehouse Financial Management which will see the Wiltshire-based firm adopt Sanlam's hybrid advice model.

MPs looking into the Arch Cru collapse have called for a "global meeting" of the parties involved after accepting there is now "no guarantee" of investors getting more than 70% of their assets back.

Lloyds Banking Group made a loss of £3.5bn last year - largely due to money set aside to cover payment protection insurance (PPI) claims - and said its bonus pool was down 30% against 2010.