News

The US government has postponed the start date of incoming tax regime FATCA to give businesses more time to comply with the rules.

RSM Tenon has reduced its client bank by almost 70% as part of its segmentation process in the run up to the implementation of the Retail Distribution Review (RDR).

Spanish banking giant Santander has seen its profits tumble by more than 90% in the third quarter after bad property loans in Spain battered its books.

Nucleus chief executive David Ferguson has criticised Skandia's plans to buy up restricted advice firms to increase distribution.

Labour has asked the government to amend current drawdown rules to ease financial pressure on people who have seen their income drop by up to 40%.

Just Retirement Solutions has been confirmed as a member of the Equity Release Council following the successful screening of its advisers.

‘Inappropriate' active member discounts (AMDs) could threaten the success of auto-enrolment and must be restricted, Legal & General has warned.

UK GDP rose by 1% in the third quarter of 2012, bringing the UK out of recession with first positive quarter of growth this year and beating analyst forecasts of a 0.6% rise.

The Financial Services Authority (FSA) has published final rules on mortgage selling, convinced they will "put common sense at the heart of the market" and prevent borrowers taking out unaffordable deals.

The Financial Services Authority (FSA) has confirmed it is removing the non-advised sales process for mortgages, but has clarified its definition of 'regulated' advice following concerns from lenders.