News

US markets posted heavy losses for the second successive day of trading, amid fears Greece is set to default on a €5bn debt payment due next week.

The US may slip into recession if it were to fall off the fiscal cliff at the end of the year, the country's Congressional Budget Office (CBO) has warned.

The Financial Conduct Authority (FCA) will be run as a consumer champion and not for the benefit of member firms, according to a leading regulatory lawyer.

Skerritts Wealth Management has agreed a deal to acquire the assets of the client bank of Sussex-based IFA firm Finch's Financial.

The mis-selling of payment protection insurance (PPI) is costing banks hundreds of millions of pounds to put right and has spawned a new crop of claims management companies.

The National Employment Savings Trust (NEST) has lost out on major corporate business because of the restrictions placed on it by the government, according to chief executive Tim Jones.

The Bank of England has kept interest rates on hold for the 44th consecutive month and refrained from launching a fresh round of quantitative easing (QE) after recent data showed the UK exited recession in the third quarter.

Pension experts are urging women to make retirement provision as research shows nearly half (43%) are relying on joint savings with their partners.

The Unbiased website has re-launched with several new search facilities that aim to give a more refined consumer / adviser match.

Interest-only, sub-prime and self-certification mortgage borrowers will start to launch mis-selling claims slowly, but volumes will build to a crescendo, claims management boss said.