The Association of British Insurers (ABI) is to enhance its guidance on unit-linked funds after a Financial Conduct Authority (FCA) probe uncovered "specific" failures in some insurers' governance of the investments.
The regulator's clamp-down on financial crime will have an effect on advisory firms who are often seen as the gate-keepers to financial services, a consultancy has said.
Support services firm Threesixty has reported a pre-tax profit of £191,217 for the year ending 2012, up from a £86,746 loss in 2011.
The Financial Ombudsman Service (FOS) has rejected only one claim at decision stage against advice to invest in Arch Cru, since it has started publishing complaints decisions in April.
Bellpenny, the national wealth manager and IFA acquirer, has completed the acquisition of Meridan Park Associates (MPA), an IFA based in Newbury, Berkshire.
Despite fears that consumers would be unwilling to pay for financial advice post the retail distribution review (RDR), AXA's latest Big Money Index has found that one in four consumers are willing to pay for financial advice, the same number as pre-RDR....
US President Barack Obama will nominate Federal Reserve vice-chair Janet Yellen to be the next head of the US central bank on Wednesday, according to a White House official.