News

Victims of the Bayshore Nominees boiler room scam are to receive just 7p back for every £1 invested, according to the Financial Services Authority.

The boom in SIPP sales that has seen numbers of the products grow to 700,000 is over, a former James Hay Partnership director has said.

The government is making 10,000 compensation payments to Equitable Life victims every week, Mark Hoban, financial secretary to the Treasury, has announced.

Pave Financial Management is to have its permissions cancelled by the FSA following the mis-selling of unregulated collective investment schemes (UCIS), with two of its directors also being punished.

The Bank of England's Monetary Policy Committee (MPC) has held fire on its quantitative easing (QE) programme and kept interest rates at their historical low of 0.5%.

Police have arrested five men as part of its investigations into a small number of suspicious trades reported by Bristol-based stockbroker and wealth manager Rowan Dartington.

The Financial Ombudsman Service (FOS) is been urged to consider charging a case fee before the complaint has been resolved and closed, as part of a drive for better efficiency.

The Office of Fair Trading (OFT) should consider healthcare trusts as the most transparent form of corporate private medical insurance (PMI), specialists have said.

The government has suffered a significant setback in its welfare reform agenda after the House of Lords defeated three of the coalition's main proposals.

Warren Buffett's retail favourite Tesco has seen its shares plunge 14.2% following a profit warning today.