News

The Financial Services Authority (FSA) has today banned the co-founder of Cru Investment Management Stephen Danner from working in regulated financial services. As the poisoned chalice of Arch Cru continues to take victims, IFAonline looks at where he...

Paul Milsom, a former senior equities trader at Legal & General Investment Management (LGIM), has today been sentenced to two years imprisonment for disclosing inside information between October 2008 and March 2010.

The Financial Services Authority (FSA) has banned the co-founder of Cru Investment Management Stephen Danner for failing to act with integrity and behaving in a way which fell well below the standards required of him.

Sterling has jumped against the dollar, reversing this morning's losses, after the Bank of England's Monetary Policy Committee (MPC) voted to keep its quantitative easing programme unchanged at £375bn.

Standard Life has suffered net outflows for its UK retail business, following an 11% rise in redemptions.

Nearly 1,500 members of the failed Severn Four Credit Union will get their money back within seven days after the Financial Services Compensation Scheme (FSCS) declared it in default today.

The National Association of Pension Funds (NAPF) and Wheels Common Investment Fund (WCIF) have lost their bid to recoup £2bn in backdated VAT on investment management services for defined benefit pension schemes.

The Financial Conduct Authority (FCA) will not be any different from the Financial Services Authority (FSA) and should be "strangled at birth" before regulators do any more damage, according to the head of economics think tank the Adam Smith Institute....

Advisers are equally split on whether the Retail Distribution Review (RDR) will have a beneficial impact on the industry, according to Skandia.

Blue chip insurer Aviva's shares have fallen 14% after the group revealed a £3bn loss in 2012 caused by a huge writedown in its US business.