News

HMRC has released a podcast to highlight its power to catch and punish tax evaders who ignore the opportunity to settle up any unpaid tax using the New Disclosure Opportunity (NDO).

The UK life insurance sector still faces a tough future as sales slump across the board, but there are signs the bottom is in sight.

Fewer than half of mortgage advisers think business will improve in the last quarter of 2009.

The ABI will create a new investment sector called Deposit & Treasury, which will have stricter limits than the existing money market category.

The offshoring of business services faces a difficult future and will have a "serious impact" on the insurance industry, the Chartered Insurance Institute (CII) says.

A former UBS banker has been sentenced to 40 months imprisonment after pleading guilty to conspiring to defraud the US.

Staff at Britain's state-backed lenders were dealt a double blow yesterday after Royal Bank of Scotland slashed the pension benefits of 62,500 workers and Lloyds Banking Group cut another 200 jobs according to the Telegraph.

Royal Bank of Scotland is to cap future increases in pensionable pay to 2% a year or the rate of inflation, which ever is lower.

The FTSE has made marginal losses in early trading, weighed down by disappointing company results despite a rally from financial stocks.

Lloyds TSB Development Capital (LDC) has paid £42m for a controlling stake in software firm 1st-The Exchange, in the largest institutional buyout by a private equity group this year.