News

ISAs have failed low income workers with inadequate savings and only benefit people who would have saved anyway, a think tank claims.

Spending watchdog the Audit Commission spent £20,000 in the past two years on luxuries such as meals in Michelin star restaurants.

BlackRock's Deborah Fuhr has called for greater scrutiny of the different exchange-traded products coming to market, following a number of regulator warnings.

The FSA has revealed almost one member of staff left per day on average over the last year, doubling the previous year's rate.

Shareholders in the SPL Private Finance fund - one of the cell funds in the former Arch Cru range - have agreed a deal returning them 42p per share.

Anthony Nutt has almost halved the number of holdings in his £2.5bn Jupiter Income trust since 2007.

Santander's takeover of 318 RBS branches is not expected to be completed until the first quarter of 2012, despite hopes the deal would be done by the end of 2011.

Standard Life Wealth has launched a set of five risk-rated investment strategies on its wrap platform which will form the backbone of its new Managed Portfolio Service (MPS).

AJ Bell has changed the terms and conditions (T&Cs) of its SIPP products allowing it to pass on the costs of FSCS and FSA levies to investors in the future.

The ABI has urged the FSA against introducing "radical interventions" in product regulation in a strongly-worded rebuke of its recent discussion paper.