Treasury
Treasury to net £700m in pensions freedom tax windfall
The Treasury will net an extra £700m in tax this year as a result of the pensions freedom and choice reforms, Hargreaves Lansdown has projected.
'Unacceptable' Lloyds hit with record £117m FCA fine over PPI
Lloyds Banking Group has been hit with a record £117m fine by the Financial Conduct Authority for mishandling of payment protection product complaints.
RBS preps for goverment stake sale with shareholder vote
Royal Bank of Scotland (RBS) is preparing shareholders for the government to sell down its 79% stake in the lender by asking them to vote on costs related to a sale at its annual general meeting.
Jim O'Neill becomes UK Treasury minister
Economist and creator of the term 'BRICs' Jim O'Neill is to become a Treasury minister in the new government.
First UK-domiciled ETF launches: Will others follow?
This morning, China Construction Bank International (CCBI) launched the first ever ETF to be domiciled in the UK, but will others follow suit?
MPs call for inquiry into BoE liquidity investigation
The Treasury Select Committee has called for an inquiry into the initiation of a criminal investigation over the Bank of England's financial crisis liquidity auctions.
Budget 2015: Govt launches business rate review
The government has launched a review of how it calculates business rates, saying it wants to modernise the tax which is collected from businesses across England, including financial advisers.
Govt secretly briefed Which? before pensions Budget bombshell
Consumer champion Which? was one of just two organisations told about the pension reforms before last year's Budget, the organisation's executive director has said.
MPs tell FCA: Act now on retirement ‘second line of defence' or face fresh mis-selling scandal
The Financial Conduct Authority (FCA) must establish a ‘second line of defence' for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.
After the forex fine
After the forex fine
Risk assets will win out in a series of unfortunate events
A series of unfortunate events
Jeffrey: Climbing the wall of worry
Climbing the wall of worry
Govt U-turns on MAS role in guidance guarantee
The retirement guidance guarantee will not be delivered by the Money Advice Service (MAS), the Treasury has said, in a reversal of the government's previous announcement.
Bond yields plunge as Wall Street woes push FTSE down 2%
Core government bond yields have tumbled this afternoon, as investors rush back to safe havens and stocks slump amid widespread selling.
Treasury to reveal 'pension bank account' changes
The Treasury is to give savers more freedom on how they can take their tax-free lump sums from pension pots, with new rules allowing savers to take a portion of their pension out at any time.
FTSE hits 12-month low as risk appetite slumps again
The UK's blue chip index has shed 100 points to drop below 6,350, hitting a fresh 12-month low at the end of a volatile week for equity markets.
Osborne rules out pre-election sale of Lloyds shares to retail investors
Chancellor George Osborne is set to rule out a sale of Lloyds Banking Group shares to retail investors before next year's general election, according to reports.
Taxing times: Good and bad tax avoidance
Taxing times: Good and bad tax avoidance
Osborne: Traders who rig markets will face jail
The Chancellor is set to announce plans to clamp down on traders who manipulate markets, while establishing a review of how these markets operate.
Richard Jeffrey: They're forever blowing bubbles
Given the nature of the financial crisis and the depth of the accompanying recession, the recovery process was always going to be a hard grind.
Lloyds shares now offer 'little value' warns manager
Investors will find little value in Lloyds Banking Group shares due to "limited" growth prospects, a UK equities manager has said.
FCA grilled for approving 'financial illiterate' to chair Co-op Bank
The Financial Conduct Authority (FCA) has been grilled by MPs over its decision to approve the appointment of Paul Flowers to chair the Co-operative bank back in 2010.
Firms support Osborne's tax clampdown on partnerships
Asset managers and wealth management firms have expressed support for the government's plans to scrutinise partnerships and LLPs in a clampdown on tax avoidance.
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