News

The Chancellor will not press ahead with the so-called 'pasty tax' after agreeing the plans were too complex and burdensome to business, according to reports.

Andrew Tyrie, the chairman of the Treasury Select Committee, has asked George Osborne to respond to suggestions from Barclays that retrospective tax action taken against the bank earlier this year was "unwarranted".

Three people have pleaded guilty to insider dealing following a prosecution brought about by the Financial Services Authority (FSA) relating to Blue Index, although two other employees caught up in the same case have been acquitted.

The Financial Services Authority (FSA) has banned George Leavey, the managing partner at stockbroking firm First Colonial Investments (FCI), for reckless misconduct.

Investment bank Morgan Stanley has warned the ramifications of Greece exiting the euro are more serious than markets are anticipating, with a full-scale eurozone collapse now more likely.

Safe Home Income Providers (SHIP) will relaunch as the Equity Release Council later this month.

Multi-manager investment boutique Architas is launching a Multi-Asset Blended range of eight funds, combining active and passive management styles.

The man responsible for HSBC's UK retail and commercial banking business has been named as the next chairman of the Financial Services Practitioner Panel (FSPP).

The government has launched an online tax calculator enabling people to work out how much tax they have paid and how it is spent.

Prudential has appointed Paul Manduca as chairman, succeeding Harvey McGrath in the £600,000 post.