News

The Governor of the Bank of England has said the financial crisis is "far from over" as he joined fellow central bank chiefs, including Ben Bernanke, to discuss economic policy.

Resolution full-year profits were down to £274m after increased integration costs hits returns, however the insurance operation raised its dividend to 6.3%.

One in ten advisers are now restricted compared with one in 30 in fourth-quarter 2012, and this will increase to one in six by the end of the year, research predicts.

A City trader, jailed for conning wealthy investors out of £316m to fund his luxurious lifestyle, has been ordered to repay just £1.

Proposals to make auto-enrolment more efficient for employers have been outlined by the government.

Legal & General (L&G) has agreed to acquire the 75% share capital of Cofunds which it does not already own, for a cash consideration of £131m.

Barings has added a multi-asset fund to its range with the launch of a Euro Dynamic Asset Allocation fund.

The FSA should force lenders to issue warning letters to customers with interest-only mortgages, an equity release lender has urged.

The decision by HM Revenue & Customs (HMRC) to tax rebates to consumers has prompted Skandia to review its recently announced unbundled charging structure, Investment Week can reveal.

The S&P 500 is on the verge of passing its all-time closing high after rising as much as 0.5% in early trading.