News

The top rate of VAT has risen from 17.5% to 20% as the government looks to boost tax revenues to cut the UK's debt levels.

Britain's biggest banks are set to pocket around £1bn in profits every single week this year, according to City estimates.

Thousands of scheme members with small personal pension pots are being "trapped" by poor annuity rates or lack of access to the market.

First-time buyers need an average deposit of £29,000 to buy a property, a report by the Halifax concludes.

Perspective Financial Group has acquired Equilibrium Wealth Management, bringing its total number of acquisitions to 19.

Leadbay Media Group's assets will be sold without liabilities tomorrow at midday, leaving brokers roughly £200,000 out of pocket and outstanding debts of over £600,000 to November 2010.

Espírito Santo Activos Financeiros, a branch of Portugal's Banco Espirito Santo, has launched its inaugural ETF on NYSE Euronext Lisbon.

An MPC member has predicted interest rates could hit 5% and urged IFAs to help homeowners prepare for the increases.

We would like to wish all our readers a very Merry Christmas and a Happy New Year.

The DWP will look into improving annuity rates for people with pension pots of under £5,000, pensions minister Steve Webb says.