RSS Financial

It’s not just bankers seeking a way round bonus tax
Fund managers, stockbrokers, and even some financial advisers will be hit by the new 50 per cent levy on “bankers’” bonuses

FSA probes Queen’s bankers over fund sales
LONDON (Reuters) - The Financial Services Authority (FSA) has launched a probe into sales of a bond fund by Royal Bank of Scotland’s private banking arm Coutts, which counts the Queen among its clients.

Inflation slows, BoE’s King defends overshoot
LONDON (Reuters) - Inflation slowed in July as expected but stayed far above the 2 percent target, forcing Bank of England Governor Mervyn King to explain the overshoot in an open letter to the government for the third time this year.

Are Money Market Funds Beneficial? | RoFx.Net

Investors take fright at ‘fiscal fiction’
Investors took fright at the perceived timidity of the government’s plans to balance the books with one of the biggest sell-offs of British gilts this year

Chancellor closes two inheritance tax loopholes
The inheritance tax (IHT) nil rate band is to be held at 325,000 in 2010, while the elimination of two loopholes in IHT rules may result in closer scrutiny of funds that are transferred into trusts used for IHT purposes.

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

XE.com - MONEY MARKETS-Interbank rates dip, NY Fed chooses repo funds

XE.com - MONEY MARKETS-Rates dip on looser money view

Beware money markets, pensioners told

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Pension relief restricted for high earners
High earners are being advised to make contributions to their pensions now, before higher rate tax relief is scaled back further from 2011

What determines whether a financial instrument is classified as a …

Homebuyer loans hit 22-month high
The number of mortgages provided to homebuyers has reached its highest level for 22-months, according to the Council of Mortgage Lenders (CML)

Mutual funds, money market, how much do I need to have to start out?

FTSE 100 firms pay record pension contributions
LONDON (Reuters) - Britain’s top 100 companies made a record 17.5 billion pounds in pension contributions last year, some paying more into their schemes than to shareholders to tackle deficits, consultant Lane Clark & Peacock (LCP) said.

Company failures dive
LONDON (Reuters) - The number of companies in England and Wales forced into liquidation fell by a fifth in the second quarter of 2010 compared to the same period a year ago and personal insolvencies may have peaked, data showed on Friday.