Economics / Markets

Fund group CEOs have blamed the impact of the Retail Distribution Review (RDR) for a sharp divergence between UK fund sales and those elsewhere in the world at the start of 2013.

The number of customers using the Money Advice Service (MAS) is up 62% from 1.2 million in 2011/12 to 2.1 million in 2012/13, according to full-year results released today.

Lloyds Banking Group has reported pre-tax profits of £2bn for the first quarter, well ahead of analysts' estimates, after the lender made a number of cost savings and profited from selling 20% of its stake in St. James's Place (SJP).

Big moves in the technology and materials sectors helped the S&P 500 close at its highest ever level on Monday.

The Co-op's decision to pull out of the deal to acquire the 632 'Project Verde' branches from Lloyds has many consequences, some of which read across to the advice industry, according to Sense Network commercial director Steve Young.

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The archbishop of Canterbury, Justin Welby, has accused bankers of having "a culture of entitlement" in a scathing critique of the City's ethical and professional standards.

Spain's collapsing residential property market is still overvalued, banking experts have warned.

The UK's stagnating economy avoided a triple-dip recession today after initial estimates showed it expanded 0.3% in the first quarter of 2013.

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