News

The Financial Conduct Authority (FCA) has set out how it plans to regulate the consumer credit sector when it takes over from the Office of Fair Trading (OFT) next year, including plans to restrict what payday lenders can say in adverts.

The majority of Asian markets have risen this morning despite no progress over talks aimed at ending the US government shutdown.

Aviva has completed the sale of its US life and annuities business for £500m more than it originally announced.

Rathbones Unit Trust Management has selected five US equity funds that can add value at a time when many managers are struggling to outperform the S&P 500 index.

HM Revenue & Customs (HMRC) is being criticised for failing to stem a rise in tax complaints, which more than doubled in 2012-2013 compared with the previous year.

Schroders' Rob Hall has rejoined Russell Investments after two and a half years away from the firm.

Prime Minister David Cameron has pledged to continue cutting taxes for what he calls the "hardworking people in our country".

Mark Pearson, head of investment marketing at Aegon UK, is to leave the business this week, Investment Week can reveal.

Equities were the best-selling asset class in August for the fifth month in a row, with over £1bn in inflows, according to the latest Investment Management Association (IMA) statistics.

Supermarket giant Tesco led the FTSE 100 lower this morning after revealing its profits had dropped off sharply.