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News

Investment

Bolton China trust hits £166m fund raising target

Anthony Bolton's Fidelity China Special Situations trust has raised £166.25m in its C-Share offer, the maximum amount targeted.

clock 18 February 2011 •

Mortgages

Adviser guilty of role in £1.8m mortgage fraud

A Bradford financial adviser has pleaded guilty to taking part in a "calculated and sophisticated" £1.8m mortgage fraud.

clock 18 February 2011 •

ETFs

Global X unveils Asean ETF

US ETF issuer Global X has unveiled its FTSE Asean 40 fund on the New York Stock Exchange, investing across Singapore, Malaysia, Indonesia, Thailand and the Philippines.

clock 18 February 2011 •

Long Term Care

Asset-rich to pay up as govt freezes LTC threshold

The asset threshold over which individuals cannot access state help with long term care (LTC) bills has been frozen at £23,250 until 2013.

clock 18 February 2011 •

Regulation

Treasury confirms watchful eye over passporting post-RDR

The Treasury has confirmed the RDR will not impact upon the ability of firms based in Europe to advise clients in the UK, although it insists the use of passporting to evade regulation will not be permitted.

clock 18 February 2011 •

uncategorised

Video: 'I think of pensions as being for old people'

We still have a very long way to go to educate consumers about savings and investments if this NEST video is anything to go by.

clock 18 February 2011 •

Mortgages

Gross mortgage lending drops 13% in January: CML

Gross mortgage lending fell 13% to an estimated £9.2bn in January from £10.6bn in December, as the market shows little signs of rebounding, according to the CML.

clock 18 February 2011 •

Investment

Stanford files $7.2bn countersuit

Texan billionaire Allen Stanford has filed a countersuit against US prosecutors, accusing them of depriving him of his constitutional rights.

clock 18 February 2011 •

uncategorised

James Hay warns clients: 'We could pass FSCS levy to you'

SIPP provider James Hay Partnership has written to clients saying it reserves the right to pass on the cost of the FSCS levy to them.

clock 18 February 2011 •

Income Protection

Disabled outrage at welfare reforms

Disability campaigners have hit back at government plans that will see banks pay less than disabled people to cut the national deficit.

clock 17 February 2011 •
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