Royal London Asset Management (RLAM) said today net new business had fallen sharply in 2011 as the uncertainty caused by the sovereign debt crisis in Europe hit sentiment.

The Bank of England will this week pump at least another £50bn into the economy, according to a report in the Independent.

Fund managers will contribute more than £37m to the FSA's total funding requirement for 2012/13, an increase of 32.4% on last year.

Unsecured lending to consumers fell the most in almost 20 years last month, the Bank of England (BoE) said, reigniting expectations it would authorise further asset purchases next month.

The FSA has fined Ravi Shankar Sinha, the former CEO of JC Flowers & Co UK, £2.867m for fraudulently obtaining £1.367m for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme.

The United Kingdom was one of only two of the 27 EU member states to refuse to sign a fiscal treaty on budget discipline last night.

The asset management industry must create an industry standard to bring greater transparency to investment charges, Fidelity Worldwide Investment said today.

Here's a New Year puzzle for you. Fund A has annual charges of 1.5%, and in addition incurs annual trading costs in its portfolio of 0.2%. Fund B also has charges of 1.5% a year, but its trading costs are 0.4% a year. Which is better value for money?...

Royal Bank of Scotland (RBS) boss Stephen Hester is being urged to turn down a £963,000 bonus in shares awarded to him by the bank.

Deputy Prime Minister Nick Clegg is to urge the coalition today to "go further and faster" in implementing an increase in the income tax threshold.