News

The European Commission has collectively fined 6 international financial institutions €1.7bn (£1.4bn) for their involvement in the manipulation of benchmark rates.

Confidence in UK financial services is at a 17 year high, with firms anticipating a greater recovery in volumes, profitability and employment in the fourth quarter.

The lack of advice tools to help create suitable options for clients in the de-cummulation phase is threatening to create problems and could "permanently destroy wealth", a consultancy has warned.

There has been a 40% rise in reports by businesses of potential insider dealing to the Financial Conduct Authority (FCA), according to figures compiled by regulatory consultancy Bovil.

In this week's poll we asked: Are you currently advising clients on what they can do as the lifetime allowance drops at the end of this tax year?

Retirement Planner's round-up of the top pension stories this week.

The Chartered Insurance Institute (CII) is currently undertaking a survey of consumers to see what impact the changes brought about by the Retail Distribution Review has had on them and their view of advice.

Veracity Asset Transformation Service has appointed former LEBC director Nigel Stallworthy as managing director.

Advisers have welcomed the Financial Conduct Authority's (FCA) first crack-down on an advisory firm which had permissions to advise but no actual qualified advisers, although they say the regulator should have acted sooner.

Aviva Investors has hired Mark Versey, chief investment officer at Friends Life, as its new director of client solutions.