News

Newcastle Financial Services (NFS), a subsidiary of Newcastle Building Society has renewed its contract with the Openwork network for a further five years.

The pound has weakened against the euro, falling below €1.20 for the first time in more than nine months.

The Financial Services Authority (FSA) failed consumers and the Financial Conduct Authority (FCA) must take a "radically different approach" to regulation, a group of influential MPs has said.

Barclays Bank staff who do not feel they can commit to new a new code of ethics should leave, its new CEO has said.

Capita Financial Software has entered the increasingly competitive risk-profiling market with the launch of its Synaptic Modeller tool.

The Financial Ombudsman Service (FOS) has made a provisional ruling that a financial adviser working for AWD Chase de Vere was wrong to invest almost £80,000 of an 80-year-old's pension in failed fund Keydata.

The European Union has launched a competition to find the latest dangerous financial product, in an attempt to unearth the next mis-selling scandal.

The equity release market has enjoyed its third successive year of growth according to figures from the Equity Release Council (ERC.)

The maximum income which can be taken through income drawdown will increase from 100% to 120% of GAD from 26 March.

A judge has refused to lift a lifetime ban on an adviser who was struck off for failing to compensate clients who the Financial Services Authority (FSA) found he had caused to lose "substantial" money from their pensions.