News

George Osborne's austerity budget will cause 1.3m job losses over the next five years according to Treasury figures.

The Office for National Statistics will postpone its next release of data on economic growth, in an highly unusual move for the official statistician.

RSM Tenon has bought Vantis Financial Management, the day after the IFA firm's parent company was put into administration.

The amount raised by companies from equity capital markets during the first half of the year was the lowest in five years.

Skandia has removed George Luckraft from the manager line-up on its £142m UK Best Ideas fund.

Income stalwart Richard Hughes will be replaced by Alex Odd as the manager of M&G's £501m Dividend fund from next month.

Broker confidence took a significant hit during Q2 of 2010, with two-thirds predicting business will either stagnate or fall in the next three months, according to L&G research.

The High Court today ordered an investment consultant pay almost £90m to the FSA for unlawfully accepting deposits without authorisation.

The FSA says the management of the £110bn closed-ended with-profits sector has generally improved since its last review in 2007, although there are still areas for concern.

Two unnamed firms have been referred to the FSA's enforcement division for further investigation following a review of the £330bn with-profits sector.