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Stirling Mortimer, the offshore property fund caught up in a dispute over €9.8m of cash which went missing from one of its cell funds, has agreed an out of court settlement to end an upcoming legal battle.
Axa Wealth is launching its direct platform proposition – Axa Self Investor – this summer, which will be backed by a UK-based telephone support team.
A tax adviser has been found guilty of attempting to defraud clients of £70m with a tax avoidance scheme.
Other stocks and shares articles
UBS has said it has discovered a loss in the region of $2bn as a result of rogue trading in its investment banking division.
A warning about underperforming Child Trust Funds, dividends on the rise again, and the pros and cons of low-cost funds. Here is IFAonline's round-up of the weekend's national newspapers...
Markets have remained down this afternoon as the negative reaction to European bank stress tests continue to drag on the FTSE 100.
A request to obtain the contact details of West Bromwich Building Society members with a view to taking action against the board has been rejected by the FSA.
Two thirds of UK investors say they are more likely to reinvest share dividends than taking payments in cash, recent findings suggest.
The FSA today fined two accountants a total of £145,000 after an investigation into a boiler room share scam.
Between 2000 and 2009 Britons collectively saved £384bn into pension funds and life insurance products, according to research from Lloyds TSB and the ONS.
Savings in stocks and shares ISAs were worth £178bn in 2009/10, beating £172bn in cash ISAs, according to ONS figures.
The FTSE advanced in early trading following positive overnight signs in the US and a mini rally in Asia.
The banking sector's warnings that tighter regulation will throttle the recovery have been rejected by the body designing the new safeguards.
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This week's news... condensed