Royal Bank of Scotland (RBS) group chief executive Stephen Hester has admitted the government's implicit subsidy to the industry may have fed into bankers' bonuses.

Legal & General Investments is launching a passive fund investing in global equities focused on providing solutions to energy, resources and environmental issues.

Earlier this year, the Money Advice Service was set up, replacing the Consumer Financial Education Body and offering financial guidance over the internet and by phone.

The chairman and senior directors at the FSA shared more than £2.6m in salaries, bonuses and benefits in the year to 31 March, documents show.

The Financial Services Authority (FSA) is to order structured product providers to provide more information in their marketing to justify the use of terms such as ‘guaranteed', ‘protected' and ‘secure'.

Tenet has hit out at the decision to increase the Financial Ombudsman Service (FOS) limit from £100,000 to £150,000, deeming it "inappropriate".

Nationals round-up: Another look at NEST, care home fees and a thumbs-up for life insurance.

Portugal has moved a step closer to implementing a €78bn bail-out programme after the country's Social Democrats (PSD) won a conclusive victory in the general election yesterday.

The FSA seems to believe there are many myths circulating about the Retail Distribution Review (RDR). This quarter the regulator busts the bogus info on passporting, discretionary investment management and restricted advice.

Growth in US employment slowed down significantly last month, hitting global markets and adding to fears the economic recovery is stumbling.