News

HMRC has secured £26.6bn from clamping down on tax avoidance and evasion in the last year, its annual accounts have shown.

Advisers and other financial services stakeholders have questioned the relationship between the Treasury and the Financial Conduct Authority (FCA) following chief executive Martin Wheatley's somewhat surprising exit from the watchdog.

Multi-asset managers have started reinvesting their high cash positions, with many topping up European exposure as Greece finally reaches a new deal with its creditors.

The gold price has fallen to a five-year low in anticipation of a rise in US interest rates later this year, hitting the shares of gold miners.

Thomas Miller Investment has hired former Sanlam Private Investment head of business development Bruce Ely-Johnston.

Thinktank New City Initiative (NCI) is calling for investment firms that only market their products in one country to be exempt from European regulation, such as AIFMD and MiFID II.

Strong performance from financials bumped up UK payouts to a second quarter record of £29.2bn this year, according to the latest Capita Dividend Monitor.

UK equity managers are the biggest winners in the latest bi-annual rebalancing of FE Trustnet's Crown Ratings, with 51 funds gaining the top accolade of five crowns.

Barclays is planning to cut over 30,000 jobs in the next two years, after firing chief executive Antony Jenkins earlier this month.

Jupiter is handing its £60m investment trust savings and ISA businesses to Hargreaves Lansdown to administer, in a deal for an undisclosed sum.