News

George Osborne and Vince Cable are set to go head to head over the Vickers' report into banking reform, as they debate the timetable for ringfencing retail banking operations.

Chancellor George Osborne has hinted again the 50p tax rate remains under review.

Foreign boiler room scams are conning British customers out of millions of pounds a year by claiming they are promoting ethical investments in forests, bio-fuels and carbon credits, police warn.

Avelo Exchange has added Engage Mutual's guaranteed 50 plus life cover plan to its service becoming the first to do so in the intermediary market.

Advisers who segment their client banks and cull those deemed unprofitable to the business ahead of the RDR may be opening themselves up to more compensation claims, according to Zurich's Richard Howells.

Openwork-owned adviser 2plan has been awarded more than £87,000 after winning a High Court battle against the husband and wife owners of an IFA business acquired by the company in 2009.

Riots in London and elsewhere may have dominated this week's national news agenda, but, in financial services at least, there was plenty else going on…

Members of the Armed Forces Pension Scheme (AFPS) have been underpaid by around £300 per year each.

An £825,000 contribution by Ashcourt Rowan to an FSCS interim levy plus a number of exceptional and one-off costs saw the group post a near-£17m total loss for the year to March.

ETFM brings you a roundup of some of the launches and listings which have taken place over the past seven days.