Economics / Markets

The Financial Services Authority (FSA) and its successors are to spend as much as £5m on hiring outside consultancies to carry out economic analysis.

The pound has weakened against the euro, falling below €1.20 for the first time in more than nine months.

The Financial Services Authority (FSA) failed consumers and the Financial Conduct Authority (FCA) must take a "radically different approach" to regulation, a group of influential MPs has said.

The European Union has launched a competition to find the latest dangerous financial product, in an attempt to unearth the next mis-selling scandal.

LV= has reduced charges on its self-invested personal pensions (SIPPs) worth between £350,000 and £1m from 35 to 20 basis points (bps), a decrease of more than 40%.

National wealth manager, Bellpenny, has acquired Monmouthshire Independent Financial Advisers (MIFA), a subsidiary of Monmouthshire Building Society.

Banks are likely to 'continue to hide' their charges leaving independent and restricted whole of market advisers at a disadvantage, said the director of Wingate Financial Planning.

A former sales trader at Legal & General's investment management arm and a broker are the latest defendants to face charges in the Financial Services Authority's (FSA) biggest insider-trading investigation.

Malcolm Streatfield, chief executive of the Lighthouse Group, has transferred 233,333 ordinary shares of 1p in the company into his self-invested personal pension (SIPP).

Britain's bailed-out banks need billions of pounds more capital to shore up their balance sheets and support the economy, senior Bank of England officials have warned.