Limited Liability Partnerships (LLPs) may rush to incorporate and deprive the Treasury of revenues after the government pushed ahead with the crackdown on current LLP taxation structures.
The Financial Conduct Authority has approved Aberdeen Asset Management's acquisition of Scottish Widows Investment Partnership (SWIP).
In this week's Budget, George Osborne announced a freeze on the duty on Scotch whisky, describing the industry as a "huge British success story".
Newton has replaced Richard Wilmot on its struggling £2bn Higher Income fund.
Skandia is poised to shake up the managed portfolio market with its suite of cut-price model funds, as the first look at WealthSelect reveals half the restricted range is priced at less than 60bps.
Hargreaves Lansdown's chief executive Ian Gorham has said the reform of the rules around annuities in the 2014 Budget is long overdue, and could well spell the end for standard annuity products.
US markets fell this morning after a surprising comment by US Federal Reserve chairman Janet Yellen that interest rates would rise in 2015.
Yesterday's Budget effectively removed the requirement to ever purchase an annuity, causing shares in listed providers to drop over 50%, but is there value in the sector after such a monumental sell-off?
The Government has pushed ahead with the crackdown on LLP taxation structures, stating it will come in from this April, despite criticisms from the industry and calls for a delay.
Hargreaves Lansdown's shares rose on news the government is set to increase the personal ISA allowance to £15,000, whilst life insurers including Legal & General suffered a brutal sell-off, after Chancellor George Osborne unveiled the latest Budget....