News

Sanlam UK is set to acquire wealth management firm Merchant Securities for £12.247m as it looks to further expand its UK footprint.

The redress deal struck by the Financial Services Authority and Capita, HSBC and BNY Mellon will return Arch Cru investors just 10%-15% of their original capital, according to lawyers who have seen the offers.

Barclays reported Q3 profits rose 5%, beating estimates, despite the sovereign debt crisis hurting investment banking revenues.

Veteran investor George Soros has attacked the lack of leadership at the top of the eurozone and warned the new rescue deal to solve the debt crisis will only last between "one day and three months".

Andrew Meeson, the president of the Association of Tax Technicians (ATT), has stepped down from his post due to money laundering investigation.

Advisers have been warned to look out for unusual phone calls to clients after Citizen's Advice Bureaux (CAB) across the country said imposters were offering fake "debt help" sessions to vulnerable people.

Minutes of meetings at the Bank of England's during the financial crisis should remain secret, its most senior independent director has insisted, prompting a backlash from MPs.

Owners of second homes in England may lose council tax discounts as part of new powers set to be given to local authorities.

Ten of this week's best-read stories...

Advisers have reported newspaper adverts for Ivan Massow's commission rebate business as misleading to the Financial Services Authority (FSA).