News

A number of platforms have questioned the Financial Services Authority's (FSA) intention to ban cash rebates to consumers.

The US economy grew more slowly than expected in the second quarter, compounding fears the world's largest economy could be heading back into recession, the latest data has revealed.

The Pensions Regulator (TPR) plans to fine pension providers who do not properly report auto-enrolment failures.

Sainsbury's will use its existing Legal & General (L&G) schemes for auto-enrolment, as it becomes one of the first companies to undertake the reform this Monday.

Lloyds Banking Group (LBG) is pulling its mass market investment advice service for investors with less than £100,000 to invest.

Adviser directory Unbiased will add whole of market restricted advisers to its search function, following a re-launch in November.

Rowan Dartington has launched a fee-only independent financial advisory business, after acquiring a significant stake in Stafford House Investments (SHI).

An accounting write-down and the after effects of previous acquisitions resulted in a £1.9m pre-tax loss for Perspective Financial Group in 2011, although the consolidator's revenues were up 56%.

UK GDP growth has been revised slightly upwards to a contraction of 0.4% in Q2, according to the final estimate from the Office of National Statistics.

A former Credit Suisse trader was arrested in London on Wednesday and faces extradition to the US on fraud charges involving subprime mortgage bonds worth $3bn (£1.9bn).