News

Lenders have drawn down £16.5bn from the Funding for Lending Scheme since it opened on 1 August 2012 but net lending has fallen since the launch of the flagship scheme.

The Financial Conduct Authority (FCA) is stepping up efforts to clamp down on firms' financial incentives schemes in a bid to mitigate the risk of further mis-sellings of products.

Legacy commission still accounted for more than half of adviser income at end of March, according to research released today.

M&G's director of UK advisory has predicted it could take up to two years to properly gauge demand for restricted propositions among the adviser community.

Wealthy older people will see their winter fuel payments cut if Labour wins the next general election, Ed Balls is due to say later today.

Former Investment Management Association (IMA) chief Richard Saunders has joined Investec Asset Management's board as a non-executive director.

London's leading share index has started the week firmly lower, with global sentiment knocked by worse than expected Chinese manufacturing data which had already sparked yet another slump for Japan's stock market.

Henderson Global Investors has reopened its UK Absolute Return strategy, managed by ex-Gartmore duo Luke Newman and Ben Wallace.

Barclays has been dragged into the scandal surrounding Liberty Reserve, a US cash-transfer business accused of running the biggest money-laundering operation in American history.

Outgoing Bank of England governor Sir Mervyn King has said people have "every right to be angry" with banks over the financial crisis.