News

The Co-operative Bank has failed a "stress test" carried out by the Bank of England designed to see if the banking sector could withstand another financial crisis.

Financial planning and investment management firm AFH has secured £1.9m from investors through unsecured notes and extended its deadline to meet further demand from self-invested personal pension holders.

Less than a tenth of the population has complex enough needs to warrant the fees they would pay for advice, and would be better served by guidance, an IFA has said.

The Money Advice Service (MAS) has published details of the criteria advisers will need to meet before they can be listed on the website's directory.

The Prime Minister is set to launch a consultation into a scheme targeting those under 40 who have never owned their own homes.

Small firm consolidation in the financial advice market has yet to materialise as predicted because many owners are "hanging on" to the trail commission they earn on pre-Retail Distribution Review (RDR) business, according to one acquirer.

The Financial Conduct Authority (FCA) has banned former BlackRock managing director Jonathan Burrows for dodging rail fares worth £43,000.

Wealth management firms say they are being "crippled" by suitability requirements as the Financial Conduct Authority (FCA) increases its scrutiny of the sector.

An independent review of the Money Advice Service (MAS) will recommend it cuts more than half its staff and reduce its budget by as much as 38%, according to a report.

HM Revenue and Customs (HMRC) has secured almost all of the disputed tax due from the first group of tax avoidance scheme users to receive Accelerated Payment notices.