News

The City of London is bracing for fresh job cuts after Morgan Stanley became the first investment bank to swing the axe this year.

The FTSE 100 closed at its highest level since May 2008 yesterday as investors continued to snap up cyclical names, including the UK's semi state-owned banks.

The UK has seen a 'sizeable' improvement in the affordability of mortgage payments despite a squeeze on credit, according to a report by ratings agency Fitch.

Lighthouse Group has appointed Danyel Jordan as managing director of Lighthouse Advisory Services.

Paraplanners and discretionary fund managers will be the primary beneficiaries of increased outsourcing among advisers, research suggests.

The FTSE 100 is nearing a two-year high once again today as investors continue to snap up cyclical names including the UK's semi state-owned banks.

The Financial Services Authority (FSA) has pledged to work with firms in 2013 as it carries out a series of thematic reviews into how the Retail Distribution Review has been implemented.

The Financial Services Authority (FSA) should tighten up the way some providers market their services, according to one adviser who says he is continually bombarded by providers pushing commission.

Global insurer Zurich has named David White as head of retail, UK life with effect from 21 January.

Labour backbencher David Miliband has called for the government to cut pensions tax relief to £26,000 to match the national average wage.