News

A near-25% rise in UK protection sales helped drive an increase in profits for the Royal London group in 2012.

The Money Advice Service (MAS) has put an increased emphasis on 'budgeting' in its Business Plan 2013/14 released today.

Skandia has expressed frustration at rival platforms failing to allow electronic re-registration of assets, despite being required to do so under the Retail Distribution Review (RDR).

Land Securities has lost a court battle with HM Revenue & Customs (HMRC) over its use of a Morgan Stanley backed tax avoidance scheme.

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.