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News

Your profession

2plan edges closer to profit as turnover soars 55%

2plan Wealth Management's revenue rose 55% in Q1, due to strong take-up of the company's premium fee-based ongoing service agreements.

clock 14 May 2010 •

Your profession

Pru to auction off Asian assets following AIA deal-papers

Prudential will tell investors next week it plans to auction off a number of Asian assets in the wake of its $35.5bn (£24bn) acquisition of AIA, in an attempt to calm shareholder nerves over the deal.

clock 14 May 2010 •

Your profession

Coalition Govt may have to impose £50bn tax rise - papers

Economists are warning the new coalition government may have to impose £50bn of tax rises only months into its tenancy including a hike in VAT.

clock 14 May 2010 •

Your profession

Eight banks face US probe into mortgage ratings

Goldman Sachs and Morgan Stanley are believed to be among eight US banks facing an investigation into the rating of their mortgage products.

clock 14 May 2010 •

uncategorised

Steve Webb named pensions minister

Liberal Democrat MP Steve Webb has been appointed as pensions minister to serve under Iain Duncan Smith at the DWP.

clock 14 May 2010 •

Tax Planning

Fidelity calls on Govt to reintroduce indexation with CGT rise

Fidelity International is urging the Government to consider the effect of inflation when introducing its planned rise in capital gains tax (CGT).

clock 13 May 2010 •

Tax Planning

Top five tips to beat CGT rise

Bestinvest's Adrian Lowcock reveals five top tips to avoid capital gains tax (CGT) as the Government moves to raise the rate on non business assets to as high as 50%.

clock 13 May 2010 •

Investment

Schroders' European equities head leaves for JPM

The head of Schroders' European equities team and manager of two of funds, Gary Clarke, has left the firm to join JP Morgan, Investment Week understands.

clock 13 May 2010 •

Regulation

Advisers say FSA powers should be transferred to Bank

David Cameron's new coalition government should transfer the FSA's regulatory powers to the Bank of England, say advisers.

clock 13 May 2010 •

Your profession

Boiler room fine upheld in 'blindingly obvious' case

A £400,000 FSA fine and lifetime ban for a company involved in a "blindingly obvious" boiler room scam has been upheld by a tribunal.

clock 13 May 2010 •
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