News

Brett Williams, the former head of platform giants Skandia and Cofunds, has moved into the EIS market with a series of launches through his new venture Old Burlington Investments (OBI).

Equity trading was suspended in the US today as Hurricane Sandy approached New York City with 70-mile an hour winds and a threat of an 11 foot sea surge.

A report is calling for the government to raise the 40p income tax threshold to stop hundreds of thousands of extra people falling into the bracket.

F&C Asset Management has reported a drop in AUM between the second and third quarters as it continues to see outflows from its wholesales arm and Thames River.

Banking giant UBS could cut thousands of jobs in London and a total of 10,000 worldwide as part of a plan to split its operations.

Former Italian Prime Minister Silvio Berlusconi has been sentenced to four years in jail for his part in a six-year old tax fraud case.

UBS Asset Management is to close its US 130/30 Equity fund, as well its Asian Equity fund, due to the uneconomical size of both portfolios.

Bank of England policymaker Andy Haldane, has slated ring-fencing proposals for being too weak and said "King Kong" banks should be no larger than $100bn.

An adviser has had his application to become an approved person rejected because of his failure to disclose past convictions and a prosecution for mortgage fraud.

The European Parliament has voted against a ban on commission payments in Europe in a move placing it at odds with the FSA's stance under the incoming Retail Distribution Review (RDR).