The HMRC's High Net Worth Unit (HNWU), designed to deal with 5,000 of the UK's wealthiest taxpayers, has exceeded its collection targets since its launch three years ago, according to HMRC.


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Tagged under #HMRC #High Net Worth #HNWU #Martin Randall

The majority of UK financial advisers (90%) believed further 'bailouts' of weak European countries may be required with Spain the most vulnerable, according to a Skandia survey. 

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Tagged under #Skandia #Europe #ECB

The Financial Ombudsman Service has released its latest set of six-monthly complaints data relating to individual financial businesses - including banks, insurance companies and investment firms. Read more ...

Tagged under #FOS #PPI #complaints #Ombudsman

The Financial Services Authority has fined BlackRock Investment Management (UK) Limited (BIM) £9.53m for failing to protect client money adequately by not putting trust letters in place for certain money market deposits and for failing to take reasonable care to organise and control its affairs responsibly in relation to the identification and protection of client money. Read more ...

Tagged under #FSA #BlackRock #BlackRock Investment Management

New research¹ from Baring Asset Management (Barings), the investment manager, has found that significantly more people are turning to friends or family for advice on their pensions while the number of people turning to financial advisers remains flat. Read more ...

Tagged under #pensions #Advice #Barings

Over half of the UK's adult population (52% or 25.6m people) have never received or cannot recall if or when they last received advice about managing their own money and a further one in five (21% or 10.3m people) has not received such advice in the last year. Read more ...

Tagged under #YouGov #Money Advice Service #Advice #MAS

Baring Asset Management has today announced to launch the Baring China Bond Fund, subject to regulatory approval. Read more ...

Tagged under #China #Baring #Swiss and Global #bond fund

With pension auto-enrolment just around the corner, the Scottish Widows Workplace Pensions Report 2012 reveals that 52 per cent of workers - equivalent to 9.9m people in the UK - are unaware of the impending changes. Read more ...

Tagged under #pensions #Scottish Widows #Autoenrolment

The FSA has warned Barclays it will remain under scrutiny, despite two key leadership changes, according to Sky News. Read more ...

Tagged under #FSA #Barclays #Sir David Walker #Antony Jenkins

According to the Financial Services Authority, 93 per cent of advisers are on track to meet the RDR deadline. Read more ...

Tagged under #RDR #FSA #Martin Wheatley #Andrew Tyrie #Treasury Select Commitee