News

Isle of Man-based Boal & Co has announced the launch of a "Spousal Bypass Trust". The trust ensures that QROPS death benefits are instead paid out to a trust, completely separate from the spouse's taxable estate.

The Dubai Financial Services Authority (DFSA) has appointed Saeb Eigner as its new Chairman.

Downing Street has rejected calls from a group of prominent economists to drop the 50p tax rate as soon as possible, although it has continued to insist it is only a temporary measure.

Anthony Bolton's £674m Fidelity China Special Situations fund has made its first share buyback since listing on the London stock exchange fifteen months ago.

Bondholders owed £2.5bn following the Icelandic banking crisis have begun a legal challenge against the 'priority status' given to local authorities and the Financial Services Compensation Scheme (FSCS) to get their money back from Landsbanki.

Savers have lost more than £43bn since Bank Rate was cut to just 0.5pc two and a half years ago, figures from the Bank of England suggest.

Cazenove's Peter Harvey talks to Cherry Reynard about how he is currently positioning his Strategic Bond fund.

New Openwork chief executive Mary-Anne McIntyre said the network will break its exclusive platform tie-up with Zurich UK Life as she expects the needs of clients within its diverse adviser base to draw special attention from the FSA.

Billionaire investor George Soros has warned the Eurozone's debt problems are potentially worse than Lehman Brothers' collapse due to a lack of leadership on the Continent.

Jubilee Financial Products has launched the latest version of its Early Redemption Plan, which invests in securities issued by Morgan Stanley BV.