Lloyds Banking Group is back in the black after announcing a profit before tax of £2.1bn for the six months to the end of June - and said it is on course to target IFA clients orphaned by the Retail Distribution Review (RDR).
The profit compares with a loss of £456m for the same period last year. The bank said it had made substantial progress on strengthening its balance sheet, although "further work remains to be done"....
Kept details private
Commits to doubling ESG ETF options to 150 among other actions
FCA in High Court victory
Annual growth of 0.6% weakest for more than seven years
It’s unlikely that any end-of-year quizzes asked which part of the market was most unpopular with UK investors in 2019, writes Laura Suter, but it’s a pretty interesting answer...
The Pensions Ombudsman (TPO) has rejected a number of complaints from members of the embattled and collapsed British Steel Pension Scheme (BSPS).
More than 30 firms pull out in just three months
Fell into administration this year
The Financial Conduct Authority (FCA) has told the FT that it does not keep a record of investment fund suspensions.