News

The Scottish Government launched a tax consultation yesterday, proposing the removal of the slab Stamp Duty Land Tax format and a boost to homebuyer affordability in Scotland.

Cash incentives should be offered under "no circumstances" in enhanced transfer value (ETV) exercises, an industry code of conduct warns.

FundsNetwork has fired a warning shot to fund managers, saying any "special deals" struck up with rival platforms will be revealed under the transparency principles underpinning Retail Distribution Review (RDR).

London's FTSE 100 slipped into the red in early trading this morning after Fitch Ratings cut Spain's long-term credit rating and predicted a slump through 2013.

MPs on the Treasury Select Committee (TSC) have once again called for upcoming legislation to give them the power to hold pre-appointment hearings for the chief executive of the Financial Conduct Authority (FCA).

The multi-asset team at Baring Asset Management confirms moving progressively to more defensive asset classes such as cash and developed government bonds in their multi-asset portfolios.

Tough global economic conditions have taken their toll on Guernsey bank deposits as the island's financial sector's promotional arm, Guernsey Finance, reports a fall of 6.1% (£6.5bn) in the value of bank deposits in the first quarter of the year.

National Insurance (NI) contributions are due on pre-6 April 2006 employer payments into funded unapproved retirement benefit schemes (FURBS), the Court of Appeal has ruled.

Meteor has appointed former RBS man David Stuff as managing director of Meteor Investment Solutions (MIS) as it looks to widen the distribution of listed structured products.

Members of the Treasury Select Committee have published a special report into the government's "defective" banking reforms, according to reports.