News

The Financial Services Authority (FSA) has fined an insurance broker £195,117 for insurance fraud and banned him from carrying on regulated financial services.

Thousands of UK resident holders of Swiss bank accounts will receive letters from HM Revenue & Customs (HMRC) this week threatening a thorough investigation into their tax affairs.

Pruprotect is launching an adviser based up-selling scheme to offer existing term assurance clients whole of life cover with no additional underwriting.

Retirees' capped drawdown incomes will be squeezed further as December's GAD rate dropped to a record low.

SPDR ETFs, the exchange traded fund (ETF) platform of State Street Global Advisors (SSgA), has registered a new fixed income ETF for sale in the UK.

Chancellor George Osborne is set to come under more pressure as it emerges the UK will miss its deficit reduction target whilst leader of the opposition Ed Miliband prepares to unleash a further attack on the coalition's economic policy…here's our roundup...

The Treasury has sold Northern Rock plc to a consortium led by Richard Branson's Virgin Money for £747m, at a £650m loss on the £1.4bn of capital it injected into the bank.

In a joint initiative with Australian-based advisory firm Elston Partners, the Federation of European Independent Financial Advisers (FEIFA) is to offer financial advice services to Australian expats

Mark Hoban has insisted people on average to above average income are unattractive to the financial advice sector, and targeted this as the demographic for the Money Advice Service (MAS).

Gold ETFs and similar products witnessed inflows of 77.6 tonnes in the third quarter of 2011, which was 58% above year-earlier levels of 49.1 tonnes.