Calls in Michael Foot's interim review for a probe into offshore jurisdictions' compensation schemes have been backed by an action group, which argues current 'safety nets' are inadequate.

The Isle of Man government has labelled Michael Foot's interim review of British offshore financial centres as "wholly appropriate".

Wealthy homeowners listened even more intently than usual to the Budget this week, braced for yet more painful measures to limit the attractiveness of tax havens.

Compensation claims against collapsed investment firms and home finance brokers will be 100% protected up to a £50,000 limit from the beginning of next year, the FSA confirmed today.

Here we list who has moved where in another busy week in the offshore sector.

Offshore financial centres must "respond positively" to the joint demands of the G20 countries in order to stay competitive, according to the interim Foot Review.

Bright Grey has bemoaned the ambiguity in the critical illness (CI) claims process after revealing a sixth of claims were declined due to the definition not being met last year.

Almost 100% of customers taking out an annuity through Norwich Union are happy with the service they receive, according to research by the life insurer.

The Association of Independent Financial Advisers (AIFA) and the Association of Mortgage Intermediaries (AMI) have called for a reduction in the financial demands proposed for intermediary firms, given their lower risk nature.

The "effective" segmentation of clients, including grouping them by value and differentiating the service they receive, can more than double a firm's profitability.