News

The Financial Conduct Authority (FCA) has censured money transfer firm Horn Express for failing to safeguard and segregate customer funds.

The number of customers using the Money Advice Service (MAS) is up 62% from 1.2 million in 2011/12 to 2.1 million in 2012/13, according to full-year results released today.

The Funds Industry Charity Shield - the annual five-a-side football tournament sponsored by fund transaction specialists Calastone - returns later this month.

Stephen Mohan, former Cofunds managing director of operational services, has moved to Allfunds Bank to spearhead its growth plans in UK and Ireland.

The Financial Conduct Authority (FCA) has delayed the publication of its final rules and guidance on unregulated collective investment schemes (UCIS) until June.

Legal & General (L&G) has launched the 20th product in its ‘Growth Deposit Bond' series.

Lloyds Banking Group has reported pre-tax profits of £2bn for the first quarter, well ahead of analysts' estimates, after the lender made a number of cost savings and profited from selling 20% of its stake in St. James's Place (SJP).

Guernsey hopes that its latest Double Taxation Arrangement (DTA) with Hong Kong will lead to significant potential for expanding financial services business between the two jurisdictions.

Tributes are continuing to flood in for Len Warwick CBE, a former president of the Life Insurance Association (LIA), who died on Sunday.

Big moves in the technology and materials sectors helped the S&P 500 close at its highest ever level on Monday.