News

A Manchester estate agent is alleged to have agreed to launder hundreds of thousands of pounds of 'dirty money' on behalf of an international crime ring.

The FSA has confirmed group business is exempted from commission disclosure requirements laid out in PS10/13, since it was not the intention of the RDR to bring commercial group risk into its scope.

Firms can 'make a judgement' about when pure protection services are associated with investment advice as the FSA settles on a more relaxed disclosure regime under COBS.

Just over half of small firms support auto-enrolment but 53% say it will "add significantly to costs", the ACA says.

A new system of collecting data proposed by HMRC could mean pensioners never have to pay emergency tax rates again, according to Standard Life head of pensions policy John Lawson.

Brazilian state oil company Petrobras has raised $70bn (£45bn) yesterday in the world's largest ever share offer.

Legendary investor Warren Buffett has made a U-turn from his previous stance as an "uber bull", saying he now thinks the US is "still in a recession".

The National Employment Savings Trust(NEST) will be retained despite a cull of over 177 quangos, a Cabinet Office document says.

The FTSE 100 opened lower this morning, down 0.31% to 5,529, as miners saw falls across the board.

The FSA has banned a former IFA company director for sending a fake letter to a client saying the Financial Ombusdman (FOS) had awarded them thousands of pounds.