News

Proposals for SIPP capital requirements based on assets under administration should be scrapped as it could risk consumer harm, the Association of Member Directed Pension Schemes (AMPS) has told the FSA.

US shares fell for the second day running overnight as investors continued to take profits after the recent run-up to multi-year highs.

In a low-rate world, the feverish scramble for yield means the equity income story has been well-flagged to investors in recent years, but are key shares now reaching an unsustainable peak?

British defence giant BAE has started a three-year share buyback programme of up to £1bn, despite reporting declines in full year pre-tax profits and revenues.

The Financial Services Authority (FSA) has confirmed that claims at the Financial Services Compensation Scheme (FSCS) relating to failed stockbroker Direct Sharedeal - which could total £13m - will be paid for by investment advisers.

Fidelity FundsNetwork has expressed surprise over fund managers opting to raise prices in newly-launched clean share classes.

The FTSE 100 tumbled nearly 2% in morning trading after the US Federal Reserve spooked markets yesterday by warning it may slow its asset purchase programme.

The price of gold may have struggled recently but a peak price level remains an "unthinkable" development, according to Angelos Damaskos, CEO at Sector Investment Managers.

Goldman Sachs has taken Barclays off its buy list following the unveiling of the bank's restructuring plans last week, pushing additional pressure on its shares.

A man and woman from Enfield who ran a financial advice firm have each been jailed for two years for fraudulently trying to claim almost £145,000 in Gift Aid.