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News

Bonds

Arrests as $6trn of fake US bonds seized

Italian authorities have arrested eight individuals believed to have been involved in hiding trillions of dollars of fake US bonds.

clock 19 February 2012 •

Tax Planning

Budget 2012: Ed Balls demands tax cuts to boost growth

Shadow Chancellor Ed Balls has called for a series of tax cuts in next month's Budget which he says are needed to boost the UK economy.

clock 19 February 2012 •

Income

Preparing for retirement has never been more critical says AXA

People need to take ownership of financial planning as the average retirement age increases, says an AXA Wealth spokesman.

clock 17 February 2012 •

Estate planning

STEP creates model will clause to boost charitable giving

The Society of Trust and Estate Practitioners (STEP) has drafted a model clause for wills in response to government plans to reduce inheritance tax for charity donors.

clock 17 February 2012 •

Service

FSA fines adviser £335k for keeping insurance premium payments

A financial adviser has been fined £335,204 by the Financial Services Authority (FSA) after he deliberately retained insurance premium payments meant for the providers of the policies.

clock 17 February 2012 •

Regulation

FSA claws back £64k for boiler room fraud victims

Victims of a boiler room scam are set to share £64,000 in redress after the Financial Services Authority (FSA) obtained a court order against a firm involved in the fraud.

clock 17 February 2012 •

Income Protection

ESA claimants could be forced into unlimited unpaid work

The government could force people judged too sick or disabled to be employed to do unlimited unpaid work or risk losing their benefits.

clock 17 February 2012 •

RDR

Sense: Independence an 'insurmountable challenge' for sole traders

Retaining independent status post-RDR will not be as onerous for large firms or networks as some in the industry believe, but will be an 'insurmountable challenge' for sole traders, acccording to the managing director of the Sense network.

clock 17 February 2012 •

Investment

Rowan Dartington launches risk-aligned model portfolios

Wealth firm Rowan Dartington has launched four model portfolios underpinned by a risk monitoring process which puts security risk centre-stage.

clock 17 February 2012 •

Regulation

Merchant Capital appoints Reyker Securities as SP custodian

Merchant Capital (MCL), subsidiary of Merchant House Group, has appointed Reyker Securities to provide custodial and administrative services to its structured products division.

clock 17 February 2012 •
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