News

Critics of The Future of Financial Advice (FoFA) Bill - the Australian government's attempt to reform its retail investment distribution market - say it will decimate the nation's adviser numbers and orphan millions of clients, in a stirring echo of some...

Hedge fund billionaire Raj Rajaratnam has received the longest ever prision sentence for insider trading after he was jailed for 11 years in a landmark ruling in the US today.

Zimbabwean investment company Masawara, which is backed by Neil Woodford in the £18.6bn Invesco Perpetual income funds, has raised $50m towards its capital target since IPO last year.

The Financial Services Authority (FSA) and the US Securities and Exchange Commission (SEC) held joint talks today on how to tighten cross-Atlantic regulation and enforcement.

The FSA is to scrutinise the quality of advice given by firms who operate a 'centralised investment proposition' ahead of the implementation of the Retail Distribution Review (RDR).

The British economy needs "a shot of adrenaline" in the form of tax cuts in order to stimulate growth, according to a leading think tank.

Provider LV= has said it hopes protection will not be made compulsory because it could leave individuals who need comprehensive cover under-insured.

The Financial Services Authority (FSA) has cancelled the permissions of an Ayshire-based firm to carry on regulated activities after it failed to co-operate on Treating Customer Fairly (TCF) visits.

Banks shares extended losses this afternoon as Fitch Ratings downgraded Lloyds and RBS' long-term credit rating from AA- to A and placed Barclays on a negative watch.

The two main bodies representing doctors in the UK have pledged to continue battling the progress of controversial NHS reforms despite it being passed by the House of Lords.