News

The Financial Services Authority (FSA) has written to pension providers asking them for details of members' holdings in Harlequin Property, a UK based overseas property sales agent that is not regulated.

Scottish Widows Investment Partnership (SWIP) has seen outflows of £6.6bn from the business in 2012, after investors opted to move out of its insurance products.

Rayner Spencer Mills' research directors Ken Rayner and Graham O'Neill have picked a selection of funds from the IMA sector universe which have seen a recent rebound in performance.

Banking shares dragged the UK's leading index lower in morning trading following results from Lloyds Banking Group which revealed a £570m loss for 2012.

Skandia, one of the UK's largest platforms, has reported a £2m profit in 2012 following a surge in funds under management.

Brussels is to curb bankers' bonuses from next year in a major blow to the City and the government.

St James's Place has broken its silence over its sacking of Taube Hodson Stonex Partners (THS) after a twenty-year relationship.

The founder of online voucher company Groupon has been ousted after shares in the firm fell 24% in a single day.

Lloyds Banking Group reported a loss for the full year to December 2012, much lower than the heavy losses seen the previous year, as reports suggest the UK government is gearing up to sell its stake in the bank.

London's leading share index has made modest gains throughout the day, held back by heavy losses from Royal Bank of Scotland and a number of miners.