EARLY DAYS

The Financial Conduct Authority (FCA) says firms are mostly adapting well to changes introduced following the Retail Distribution Review (RDR), but it has uncovered some problems, including firms describing themselves as independent but in fact choosing...

UK Asset Resolution (UKAR), the government agency responsible for winding down Northern Rock and Bradford & Bingley after their nationalisation, has sold some £450m of Northern Rock loans to US private equity firm JC Flowers.

The Royal Bank of Scotland (RBS) has been fined £5,620,300 by the Financial Conduct Authority (FCA) for incorrectly reporting transactions it made in wholesale markets and, in some instances, failing to report transactions at all.

National Savings & Investments (NS&I) is cutting the Premium Bond prize fund rate to 1.3% from next month to reflect lower interest rates across the savings market.

Auditors of some of Britain's biggest companies should have to re-apply for the tender at least every five years, the Competition Commission has recommended, as part of a probe examining the dominance of the ‘big four' accountancy groups.

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Insurance pioneer Clive Cowdery has taken his consolidation strategy across the pond after securing a $600m deal for US insurer Lincoln Benefit Life.

The government is set to agree to sell some £450m of Northern Rock loans to American private equity firm JC Flowers, according to reports.