News

Early gains among financials and miners helped boost the FTSE up 27.43 points (0.50%) to 5482.80 in early trading.

Barristers and vets are expected to be the next professionals to come in for scrutiny after HM Revenue & Customs targeted doctors last week.

Invesco Perpetual has launched a new unconstrained bond fund for highly-regarded duo Paul Causer and Paul Read, which focuses on total returns rather than an income target.

A forecasted 50% hike in the cost of professional indemnity insurance (PII) is yet to filter through to the industry but will do so during 2010, a leading underwriter says.

Amundi Investment Solutions has listed 13 ETFs on NYSE Euronext European exchanges.

HM Revenue and Customs (HMRC) failed to answer 44 million phone calls last year, according to the National Audit Office (NAO).

Arc Capital & Income's administrator has received an FSA waiver which will allow client funds to be distributed.

Cofunds sales jumped nearly 20% in 2009, with assets under administration (AUA) soaring more than 55%.

Investors shied away from cash and fixed interest towards the end of 2009 and gradually moved into equity and property investments, according to Skandia.

Bestinvest Holdings has acquired the financial services arm of chartered accountants giant Haines Watts (HW) to create a combined group servicing more than 70,000 clients and managing about £4bn of client assets.