News

The number of mortgage borrowers in arrears and properties repossessed both fell in Q1 2010.

Skandia UK reported a 150% rise in net inflows in Q1 compared to last year, which it attributes to the popularity of its platform and Spectrum fund range.

Lloyds Banking Group (LBG) is further tightening the criteria it applies to its Halifax-branded interest-only mortgages and scrapping them completely on homeloans over £500,000.

The return to favour of bond funds in Q1 2010 helped Invesco Perpetual achieve the most successful launch over the period and M&G top the retail sales chart for the sixth consecutive quarter.

Advisers have warned a significant number of their drawdown clients will be stuck in poor value pension schemes for years to avoid a 55% tax penalty the HMRC assured providers "wouldn't be an issue".

An IFA is taking the FSA to task over the costs of regulation after calculating the percentage of his firm's hourly rate that goes to the FSA.

A brave new world of politics or a wishy-washy sellout? Cameron and Clegg outlined their vision for coalition Government yesterday. Here's how today's papers reported it.

The FTSE opened more than 30 points up Thursday as investors were buoyed by Spanish plans to tackle its budget crisis, a host of strong trading updates and a rally on Wall St.

Hastily introduced banking industry regulation risks precipitating a second credit crunch and throwing the world's financial system back into crisis, HSBC chief executive Michael Geoghegan has warned.

The main UK index recovered from a mixed morning as investors assessed the new coalition Government, closing up 46.24 points or 0.92% to 5,383.45.