News

The FSA has secured its first criminal conviction for boiler room fraud in a cold-caller share scam operation.

LV= will allow its SIPP customers to use Barclays Stockbrokers' execution-only trading platform to invest their pension assets.

May's UK inflation reading remained unchanged from April, official figures have shown, giving Bank of England governor Sir Mervyn King some respite.

Threadneedle will close down its retail defined contribution (DC) pension business and will advise all investors to move their pension products to Legal and General (L&G).

Ascentric and FundsNetwork have completed the first in specie platform re-registration under the Tisa initiative.

The hoped-for spring bounce in the housing market failed to occur during May, as fears over the economy and lack of mortgage finance continued to depress activity levels, according to RICS.

Alternative investment boutique Future Capital Partners is to launch a Guernsey-listed income fund aiming to pay 7% from a portfolio of government backed infrastructure projects.

Panorama's expose of in-branch bank "advice" saw the hashtag army hit Twitter with a vengeance, and prompted one poster to answer the programme's title by brandishing a chinnyreckon.

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Greece's credit rating has been cut to the lowest level of any nation in the world after Standard & Poor's warned that the danger of a default by the country has risen significantly.