News

Millions of Americans will now own a little piece of Warren Buffett's Berkshire Hathaway after the company listed on the S&P500 after trading closed on Wall Street last week.

Japan's economy grew by a better than expected 1.1% in the final quarter of last year, although it contracted by over 5% during the whole of 2009.

The Tories have stepped up their onslaught on Labour over social care, claiming that the Government was secretly planning to charge a £50,000 inheritance tax levy on people with estates of £500,000.

The Dow Jones fell 135 points in early trading after China said it would ask banks to up reserve levels, restricting their lending capabilities.

The FSA says proposals to charge firms' variable fees depending on their size are an "appropriate" measure to reflect the amount of work it carries out.

AIFA has hit out against proposed FSA levies as ‘poor value for IFAs' because it says they bear no link to real-life risks posed by advisers.

Prosperity IFAs & Stockbrokers, the firm established by three former Edward Jones advisers, has selected Ascentric to power its whole of market model.

Adviser fee-blocks could be merged in the 2011/12 financial year, with potential cost implications for IFAs.

The Building Societies Association (BSA) has urged against buy-to-let regulation when the FSA sets its final rules for the mortgage market in the coming months.

ProShares has unveiled two ETFs providing three times leveraged exposure to the Nasdaq 100 index in the US.