News

The European Union has launched a competition to find the latest dangerous financial product, in an attempt to unearth the next mis-selling scandal.

Alliance Trust Savings (ATS) has boosted its intermediary sales team from one to eight members as part of a push into the advised market.

National wealth manager, Bellpenny, has acquired Monmouthshire Independent Financial Advisers (MIFA), a subsidiary of Monmouthshire Building Society.

Schroders' head of UK equities Richard Buxton has said the FTSE could be set to move into a higher trading range after the index passed the 6,000 mark in a strong start to 2013.

A medical research tax avoidance scheme, promoted by Matrix Securities, has been successfully challenged in court by HM Revenue & Customs (HMRC).

Better than expected results at some of the UK's major retailers gave a lift to UK fund managers today as Xmas numbers beat gloomy forecasts.

Strong inflows into Aberdeen Asset Management's emerging market debt and equity ranges have helped produce a 3% rise in the group's AUM in the three months to 31 December 2012.

HM Revenue & Customs (HMRC) is to hire an additional 100 inspectors dedicated to making sure wealthy people pay enough tax.

Liontrust's Stephen Bailey and Jan Luthman have been upping their exposure to asset management firms ahead of an anticipated "triple positive whammy" for the sector in the years ahead.

Fidelity's head of research for European equities, Henk-Jan Rikkerink, has outlined eight core themes revealed in a recent survey of the group's investment professionals.