News

Advisers and mortgage brokers accused of fraud could struggle to find a qualified lawyer under government plans to reform legal aid.

Members of life and pensions mutual Royal London have agreed to proposals to acquire the life insurance and asset management businesses of the Co-operative Banking Group.

The Financial Conduct Authority (FCA) is planning a consultation on new complex financial products created by banks and building societies to boost their capital.

Some 40% of IFAs say that clients are more confused on the difference between independent and restricted advice than they were before the implementation of the Retail Distribution Review (RDR), according to research released today.

Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EIS) have been granted an exemption from the FCA's ban on sales of unregulated collective investment schemes (UCIS) to retail investors.

The Financial Conduct Authority (FCA) has banned the sale of unregulated collective investment schemes to ordinary retail investors.

Wealthy investors were hit hardest by the recession but poorer households will feel the biggest squeeze in the coming years thanks to benefit cuts.

The Financial Services Compensation Scheme (FSCS) has declared former IFA Bentley-Leek in default and said it will aim to compensate customers within the coming six months.

Gibraltar's Chief Minister, Fabian Picardo, refuses to be flustered over the currrent wrangling within the UK government over its continuing EU member status.

Charging fees at 'implementation' - or where a product is purchased - is a legacy of the distribution system and should be ditched, a financial services expert has said.