Financial services

Neptune's Robin Geffen has spoken out against Prudential's plans to re-domicile overseas, saying it would raise questions over the insurer's "financial health".

EEA plans to reopen its £600m life settlements fund "as soon as possible", once the outcome of an FSA consultation on the sale of traded life policy investments (TPLIs) has been agreed.

The Financial Services Authority (FSA) will allow advisers to continue to take trail commission after 2012 on fund switches within life policies set up pre-RDR.

Perma-bear Albert Edwards has called for UK corporation tax to be raised so the surpluses companies are sitting on can be used to boost the global economy, branding plans for tax cuts "stupid".

Japan's financial watchdog has told an investment firm to halt its operations on suspicion it has lost most of the $2.3bn (£1.5bn) funds it manages.

The FSA's acting enforcement head, Tracey McDermott, said the financial services industry is failing to heed the lessons of previous failures and "has no-one but itself to blame" for low consumer confidence in the sector.

Keydata founder Steward Ford is seeking to ban FSA staff who saw protected attorney-client e-mails from being involved in an investigation into the company.

The owner of Glasgow Rangers FC has admitted he used the payment for future season ticket sales from Ticketus, the company backed by Octopus Investments' Protected EIS, to complete the takeover of the club.

City of London police and the FSA are investigating a suspected $150m trading fraud attempted by a former trader at Threadneedle Investments.

Life settlements fund EEA has generated nearly £40m in revenues in the last two months, despite its suspension following "unprecedented" redemption requests.