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MOVERS & SHAKERS

FIVE THINGS

National IFA Chase de Vere has opened a new office in Cambridge and is targeting growth in East Anglia.

Barclays is the least trusted bank in Britain, according to a new survey.

The Banking Commission report on standards in the City is to demand a radical overhaul of the punishment of bankers who have overseen failed institutions and open the door to new rules on multi-million-pound pay deals and competition in the sector.

The Association of Professional Advisers (APFA) has today urged the Financial Conduct Authority (FCA) to re-think its proposal of fees for the coming year, claiming that advisers were hit disproportionately hard.

The Financial Conduct Authority has secured agreements from banks to introduce a payment retry system, which could save consumers £200m a year in late payments.

The Financial Services Compensation Scheme (FSCS) is looking into whether it can help customers affected by the shut-down of Carleton Credit Union Limited in Portadown.

Advisers could be missing out on valuable business opportunities by failing to properly evaluate success, an independent research body has found.

Aegon is cutting its sales force and support roles by 160 with immediate effect and will be closing all six regional sales centres over the next six months.