News

Expats are still better off financially, despite downturn in local economies says the latest Expat Explorer survey.

The Dubai Financial Services Authority (DFSA) says the move signals a growing interest on the part of European institutions in doing business in the Dubai International Financial Centre."

Sanlam is to make its first client bank acquisition in London as part of efforts to expand its presence in the capital.

Britain will sign up for fiscal discipline in the eurozone, but not at the expense of its industries or independence, Prime Minister David Cameron has declared.

Nearly 30 pension funds, including Tesco, BUPA and the BBC, have filed claims at the High Court seeking damages from Henderson Global Investors over claims it took too much risk with one its funds.

The government has proposed relaxing the tax rules on Property Authorised Investment Funds (PAIFs) and REITs in a move which may increase the number of funds in this space.

Advisers and intermediaries on lower incomes are significantly more likely to exit the industry post-RDR than their peers, according to research commissioned by the FSA.

UK Asset Resolution (UKAR), a company set up a year ago to manage the closed mortgage books of Bradford & Bingley and the asset management arm of Northern Rock, is to shut an office in Newcastle where about 700 people work.

Hector Sants, chief executive of the Financial Services Authority (FSA), will meet with Occupy London protesters in a private session on Wednesday.

The Treasury wants to force the highest paid staff at 15 of the UK's largest banks to publicly disclose their pay.