News

Manchester United manager Sir Alex Ferguson and ex-England boss Sven-Goran Eriksson have shared part of a £68,000 dividend in a film investment, but must wait to see whether it will yield £117m in promised tax benefits.

More warnings about fund fees, a growing controversy around JISAs and an explanation of financial planning - five things the nationals have thrown up that your clients will call you about this week.

Markets moved lower on Monday as fears over Greece and Italy remained despite the imminent formation of a Greek coalition government.

A UK ban on the payment of commission from providers to advisers who sell its products can go ahead unchanged and unhindered, the European Commission (EC) has said, quashing concerns a Europe-wide directive could scupper the requirements.

Consumers are likely to reject simplified advice and advice where they must pay a fee upfront, research from the Association of British Insurers suggests.

HSBC and Standard Chartered could be dragged into a multi-billion dollar dispute between warring Saudi factions after the banks were forced to hand over thousands of potentially incriminating documents.

State-owned Royal Bank of Scotland is to payout around £500m in bonuses to its traders and investment bankers, despite a collapse in profits.

Warren Buffett's Berkshire Hathaway group lost more than $2bn on derivatives related to stock market performance in Q3.

Royal Skandia and Guernsey-based Concept Group have launched a 'lite' version of co-branded QROPS aimed at clients with smaller pension pots.

Rex Cowley, one of the original pioneers in the QROPS market, has left Kleinwort Benson, which recently acquired the Close Offshore Group, where Cowley had overall responsibility for product and marketing strategy across the international division.