Two directors of a mortgage brokerage have been fined a total of £60,000 for failures in self-cert mortgage sales, which could have led to fraud.

Xafinity, a major player in pensions administration, has launched a flexible SIPP with a menu charging structure which will allow clients to pay for what they use.

The Treasury is preparing to relax an implicit five-year ban on newly nationalised banks paying dividends, in an effort to keep the bailout on track, reports The Times .

L&G has weathered the financial storm so far this year with its UK and worldwide new business both up 5% over the past nine months to 30 September.

Arc Fund Management will dump its structured products, corporate finance and equities operations in a major move to strengthen and expand its core IFA business.

Nationwide will cut its base mortgage rate by 0.3% from 1 November, well below the 0.5% cut made by the Bank of England.

Providers are backing out of launching absolute return funds, claiming market conditions and the ban on short selling have made conditions unfavourable. Resolution is the latest fund house to admit it will not be proceeding with a launch. It had lined...

Investors in Close Investments' Accelerated Return fund will receive the maximum capital repayment of 166 pence per share.

Cater Allen Private Bank has launched Selected UK Banking Plan - Issue 2, providing an opportunity to participate in the performance of four of the UK's leading banking stocks with 100 per cent capital protection at maturity.

The ifs School of Finance has highlighted the important role of financial education in these current climes as a building block for restoring confidence in financial services.