News

A Financial Services Authority (FSA) audit report into the London Interbank Offered Rate (LIBOR) scandal has found the regulator failed in at least three key areas which meant it did not realise the rate was being fixed.

Networks Openwork and Sesame saw complaints against them at the Financial Ombudsman Service (FOS) rise in the second half of last year, with Sesame receiving over 90% more claims.

Fund groups have renewed their calls for sub-divisions within the Absolute Return peer group, after the Investment Management Association (IMA) revealed its long-awaited review of the sector last week.

The UK's blue chip index is trading back near a five-year high this morning after a near 1% gain, as a bumper set of results lift shares.

Hargreaves Lansdown co-founder Stephen Lansdown has joined Peter Hargreaves as a member of the Forbes list of billionaires.

Tyneside-based Moneygate Group has purchased a minority stake in and formed a partnership with a high net worth financial planning firm Group Rapport.

Delays to the Financial Services Authority's (FSA's) platform paper risks damaging the industry, according to a law firm, with life companies and self-invested personal pension (SIPP) providers most likely to benefit.

The coalition government's staggered changes to tax law means advisers can boost their proposition by offering annual tax and pension reviews, according to Standard Life.

Despite continuing economic troubles, the European Fund and Asset Management Association (EFAMA) statistics for UCITS sales in 2012 point to an increase in investor confidence.

The number of complaints sent to the Financial Ombudsman Service (FOS) doubled in the last six months compared to the previous half year period, with Lloyds topping the list of shame.