News

The ABI has linked up with the taxman to issue guidance on the VAT liability for adviser charging.

State Street Global Advisors (SSgA) has reported its SPDR range of ETFs in Australia has reached A$3bn (US$2.7bn) in assets under management.

The FSA has launched a probe into sales of an AIG bond fund product by RBS' private banking arm Coutts.

Markets are braced for more gloomy news on the western economies with US data expected to confirm a poor outlook for jobs and shaky confidence.

UK consumers are thousands of pounds off meeting their desired pension income, a survey from Alico Wealth Management reveals.

The FTSE 100 opened in positive territory as strong results from majority-nationalised bank RBS crowned off a largely impressive results week for the UK banking sector.

Clive Cowdery's Resolution consolidation vehicle has received 95.5% shareholder take-up of its £2bn rights issue, which will help fund its part acquisition of Axa's UK business.

Skandia UK posted a 65% rise in new life business during the first half of the year, driven by a strong jump in pensions sales.

The Royal Bank of Scotland Group reported a small £9m net profit over the first half of the year, after recording a £1.14bn pre-tax profit in the six-month period.

SL Investment Management (SL), the traded endowment policy (TEP) and life settlement provider, has acquired former competitor PolicyPlus.