News

Ed Miliband has suggested a future Labour government will force banks to split their retail and investment arms, should they not do so willingly.

The Financial Services Authority (FSA) has fined Swiss-based French hedge fund manager Stefan Chaligné £900,000 and handed out a lifetime ban for market abuse.

Homeowners who plough cash into their property for retirement and dismiss other saving options are taking a risk, warns an equity release adviser.

National IFA Positive Solutions has posted a pre-tax loss of £360,000 for 2011, compared to £2.1m the previous year.

The Financial Services Compensation Scheme (FSCS) will be able to make small claims payouts without even investigating the eligibility of claimants, under rules confirmed by the Financial Services Authority (FSA).

The Law Society has urged the Solicitors Regulation Authority (SRA) to rethink proposals to allow referrals to restricted advisers, warning of a 'clear risk' to law firms.

Restricted network Openwork is expected to post a £13.3m pre-tax loss after a "significant" Retail Distribution Review (RDR) outlay.

Former Skandia CIO Clive Hale, Ex-Saltus partner Dan Kemp (pictured) and former MAM fund manager Sam Liddle have teamed up to launch consultancy business Albemarle Street Partners.

The winners of the Aberdeen UK Platform Awards 2012 were announced at a glittering awards ceremony in London last night.

The Spanish government has announced €40bn in spending cuts and budget savings in its latest attempt to turnaround the country's struggling economy.