News

The Treasury has claimed that the Equitable Life payments scheme is on track to close on schedule in 2014, despite claims it has been hit by delays and mistakes.

The Financial Conduct Authority (FCA) has warned borrowers about an unregulated mortgage adviser promising self-certified and 100% plus LTV loans.

Pension provider Scottish Widows has been told it cannot reclaim almost £100,000 it mistakenly paid to a divorcee three years ago.

Investment services provider Morningstar has launched a managed portfolio service for advisers.

Royal London has reported assets under administration on its Ascentric wrap platform have risen 16% to nearly £6bn, in what the company said is the wrap's "best ever quarter".

The US Internal Revenue Service (IRS) has turned its sights on the Caribbean as part of its commitment to global enforcement in order to stop the use of foreign bank accounts to evade US taxes.

Mark Lyttleton, the former star fund manager at BlackRock, was arrested last month as part of the Financial Conduct Authority's (FCA's) investigations into market abuse, according to reports.

The head of Lloyds Banking Group has expressed his concerns the "best and the brightest" students do not see banking as a credible career following a string of scandals.

FMYA 2013

IFA acquirer, Bellpenny, has completed a client bank and funds under management acquisition of Price Bailey Financial Planning, the IFA arm of Price Bailey Chartered Accountants.