Regulation

REGULATION

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.

The Financial Conduct Authority (FCA) has admitted the Retail Distribution Review (RDR) has created unintended consequences for the wealth management industry, which it will be monitoring.

Leaving the European Union would be "economic suicide" for the UK, deputy prime minister Nick Clegg has warned.

The Financial Conduct Authority (FCA) has welcomed the parliamentary commission on banking standards' (PCBS) recommendations for reforming the banking sector.

The Financial Services Compensation Scheme (FSCS) has paid out more than £4.5bn compensating almost 230,000 customers of collapsed Icelandic bank Icesave, it has revealed.

Financial secretary to the Treasury Greg Clark has been replaced by Sajid Javid in the government reshuffle.

IFA Willow Financial has been forced into administration over £1.5m in liabilities relating to its Arch Cru advice - but has been bought back by some of its former partners at a knock-down price, and they won't be footing the bill for claims.

The practice of product providers facilitating the payment of adviser charges to IFAs is likely to "fall horribly on its face", just as it did in Australia a decade ago, according to a business consultant.