News

Two individuals and seven businesses thought to be part of ‘boiler room' share fraud activity were yesterday at the centre of the FSA's ongoing clamp down on share fraud.

The US unemployment rate has broken through 10% for the first time since 1983, according to figures released by the US department of labour.

The Cautious Managed sector is top of the Cofunds chart for the second consecutive month - accounting for three of the top five best selling funds in October.

Lehman Brothers' creditors will have to wait to have assets totaling almost $9bn returned to them after the UK courts today dismissed an appeal to speed up the recovery process.

The Association of IFAs (AIFA) says it is "absolutely vital" the FSA devises a fair method for firms calculating their Expenditure Based Requirement (EBR).

Tenet Group has selected focus:360 to power its adviser technology strategy and help members meet RDR requirements.

Moneyfacts is launching a B2C sourcing facility for advisers, which will enable them to give clients assistance on direct deals.

Tied advisers are "just getting on" with meeting new minimum qualification proposals in the RDR by attaining QCF Level 4 under the FSA's ‘no regrets' promise.

Demand is exceeding supply across the housing market, with estate agents registering five house hunters to every available property, according to the National Association of Estate Agents(NAEA).

Ascentric is expanding its business development team with the appointment of Debbie Steer, formerly of 1st The Exchange.