UK

RSM Tenon's financial management division has returned to a normal relationship with the FSA after a period of heightened supervision, it has reported.

The UK's accounting rules are distorting bank profits and leading to confusion over executive pay, some of the country's largest investors have have warned.

The Bank of England still has the 'firepower' to boost the economy through another round of quantitative easing (QE), policymaker David Miles had said.

A plan to merge National Insurance (NI) with income tax would increase wages, create jobs and help reduce costs, business leaders have said.

The government is considering nationalising the 316 Royal Bank of Scotland (RBS) branches currently up for sale, with a view to creating a new business lender, the Sunday Times reports.

Fears over future inflation spikes and the ability of the Bank of England to control rising prices have led bond managers to take cover in protective instruments.

The Bank of England's increasingly unconventional policies could see it cut interest rates further, according to Threadneedle head of multi-asset Toby Nangle.

ON UK GROWTH

Brooks Macdonald has acquired discretionary fund manager Spearpoint, manager of the Arch cru funds, in a deal that could reach £32m.

Resolution Group has reported new business of £138m for the first nine months of the year, up 45% from £95m for the same period last year, led by the company's UK operations.