Ailing Royal Bank of Scotland - the bank being propped up with £20 billion of public money - today said no decision had been taken on bonus payouts for staff potentially running into hundreds of millions.
IFAs are not responsible for misjudging the risk to depositors placing money in collapsed bank Kaupthing Singer & Friedlander Isle of Man (KSFIOM), according to the Association of Independent Financial Advisers (AIFA).
Pension specialists Scottish Life has appointed support firm Barrie & Hibbert to help it develop an investment framework to support its Governed Range Investment proposition.
I've started this short blog with a question because I don't think there is a definitive answer when talking about structured products. Let me explain.
The FSA has removed the permission of insurance and mortgage broker Aaron Nickols to conduct regulated activity, saying it has "serious concerns" over his firm's sales practices.
A further base rate cut will aggravate a weakening economy and leave the nation unprepared for an inevitable inflationary "shock", Dr Ros Altmann warns today.
The National Association of Pension Funds (NAPF) has backed the UK government's strategy to issue more long-dated, indexed-linked gilts and has called for a range of distribution methods to be available to help meet pension funds needs.
Credit Issues has urged brokers to complete thorough due diligence checks on claims management companies before entering into any agreement.
The head of Norwich Union could not rule out making further commission reductions on a number of its products.
Retail sales for tracker funds hit a six-year high in the final three months of 2008, IMA statistics reveal.