News

The Financial Ombudsman Service (FOS) threw out two-thirds of gripes against the most complained-about advisory groups in the first half of 2013, figures show.

The Association of Professional Financial Advisers (APFA) has praised a commitment by the Financial Conduct Authority (FCA) to refund some of the costs of existing consumer credit licences (CCLs) to holders before they expire in April.

Friendly society Engage Mutual has appointed Peter Burrows as its chief executive.

The Financial Conduct Authority (FCA) has announced a review of complaints handling and management in major firms, including building societies.

Sanjeev Shah is to step down as manager of Fidelity Special Situations at the end of 2013, while colleague Allan Liu is to step back from the group's UK-domiciled Fidelity South East Asia fund.

Canada Life Investments has hired Nigel Kennett from Nomura International as senior fund manager on the UK equities desk.

The Financial Conduct Authority (FCA) has fined Aberdeen £7.2m for failing to protect client money in relation to money market deposits.

The Financial Ombudsman Service (FOS) handled more than 327,000 complaints in the first half of the year, a record for the organisation, figures published today show.

Entrepreneur Ivan Massow has agreed to transfer the client bank of his trail commission rebate business, Paymemy.com, to Clubfinance, in a deal enabling the customers to continue to receive rebates of 75%.

The Association of British Insurers (ABI) has defended its Annuity Window after "media scrutiny" and made changes to it following industry feedback.