News

Former Cofunds head of commercial Russell Lancaster is joining Fidelity as sales director.

Royal Bank of Scotland (RBS) is to pay up to £250m in bonuses to its investment banking division, including to those implicated in the LIBOR-rigging scandal.

The Financial Ombudsman Service (FOS) is currently upholding about 47% of all complaints, according to the FOS' own figures.

London's leading share index soared to its highest level since May 2008 in afternoon trading yesterday, breaking through the 6,300 barrier, as the New Year rally continues to gather pace.

Underlying profits at Mattioli Woods were up by over a quarter to £2.5m and total client assets rose to £3.2bn in the six months to November last year show.

A European court has cleared the Icelandic government of failing to guarantee minimum levels of compensation for UK and Dutch savers in the collapsed Icesave bank.

MPs have called on the Chancellor to return to giving just one Budget statement a year.

BBC's Panorama programme is investigating the use of unregulated collective investment schemes (UCIS) in self-invested personal pensions (SIPPs).

The Financial Services Authority (FSA) has banned a mortgage broker from carrying on any regulated activity on the grounds he is not a fit and proper person following his involvement in a celebrity gambling scam.

Symponia is calling for life offices who sold pre-funded long-term care plans to help families of policyholders track down forgotten or unknown policies.