The FSA has confirmed its proposed ban on legacy commission in a widely-expected move.

A Federal Reserve official has called for more "monetary accommodation" to tackle surging unemployment and the country's creaking mortgage market.

Aviva has said 384 jobs in its Bristol office are at risk due to a simplification of its life business.

Sanlam UK subsidiary Sanlam Investments & Pensions has launched a range of risk-rated passive model portfolios.

Cofunds has denied its backers want out after a report emerged that shareholder L&G has made an offer for the platform.

Stronger systems and controls are needed to limit conflict of interest issues arising from distributor influenced funds (DIFs), Tisa has said.

Sesame Bankhall Group is joining forces with Henderson Global Investors to launch an investment company.

Aegon UK has made its first foray into the platform market with a phased launch of its "at retirement" wrap proposition.

Skandia has launched an educational fantasy fund football game for consumers with a total prize fund of £25,000 up for grabs.

HM Revenue & Customs (HMRC) chief executive and permanent secretary Dame Lesley Strathie is stepping down from her role because of ill health.