News

The Bank of England's Financial Policy Committee (FPC) has said UK banks had a £25bn shortfall in their capital requirements at the end of 2012, as stricter capital requirements impacted balance sheets.

Bill Galvin, the chief executive of The Pensions Regulator (TPR), has quit.

Care Asset Management has been fined £56,000 by the Financial Services Authority (FSA) for breaching customer trust over Keydata.

The third reading of UK's GDP growth for Q4 2012 has confirmed a 0.3% contraction between the third and fourth quarter.

Self Invested Person Pensions (SIPP) provider, James Hay Partnership, has seen a drop in profits of 6% year on year, according to its parent company IFG, which released full year 2012 results today.

Financial administration service provider, Vistra, is to open an office in San Francisco.

Who moved where in another busy week in financial services...

Andrew Fleming has stepped down from his role as chief executive and chief investment officer at Kames Capital.

A Bath-based adviser has been banned by the Financial Services Authority (FSA) for failings relating to unregulated collective investment schemes (UCIS).

Liontrust doubled its assets under management to £3bn in the last 12 months as the takeover of Walker Crips and a sharp rise in inflows boosted the business.