News

Proposed legislation designed to prevent the abuse of qualifying recognised overseas pension schemes (QROPS) could increase providers' costs by 150%, Fairbairns has warned.

The Treasury Select Committee has criticised proposals by the Bank of England to increase accountability, saying they fall "well short" of what is needed.

Sanlam Private Wealth (SPW) has purchased the client banks of two businesses as it ramps up its acquisition plans ahead of implementation of the retail distribution review (RDR).

It's our round-up of the stories your clients may have read in the weekend's national newspapers...

Axa Wealth has announced a restructure of its sales and support team in a move which puts 50 jobs at risk.

(Updated) Shares in accountancy and advisory group RSM Tenon have fallen 28% after the company announced it expects to report a loss for the second half of 2011.

IFA consolidator Perspective Financial Group has raised a finance facility of £3.5m to fund further acquisitions.

Brooks Macdonald Group's funds under management passed £3bn in 2011, aided by the acquisition of the Clarke Willmott investment management team.

Labour Party leader Ed Miliband has challenged the Prime Minister to intervene in the ongoing row about RBS chief executive Stephen Hester's bonus.

Financier Allen Stanford is to stand trial in Houston on Monday charged with masterminding a $7bn 'Ponzi' scheme in which more than 20,000 people were lured by the promise of high returns.