News

A law firm is preparing to launch claims amounting to £23m against Yorkshire Bank for professional negligence related to money invested in Arck LLP.

The Financial Services Compensation Scheme (FSCS) has declared 13 insurance brokers in default, paving the way for clients to claim compensation.

Standard Life has lowered 600,000 savers' with-profits bonus rates for 2013 as its Heritage fund saw an overall return just shy of 8%.

The National Employment Savings Trust (NEST) has announced 11 more large employers are using it for auto-enrolment.

A Chorley-based branch of national advisory group Perspective Financial has agreed to offer financial advice to members of Chorley Building Society.

Some MF Global claimants may be due a top-up compensation payment from the Financial Services Compensation Scheme (FSCS) following a High Court ruling.

Axa Wealth has cut its sales team by 30 staff in a bid to restructure the business following the completion of several projects.

London's leading share index is on course to record its best January performance since 1998, despite fears the UK economy could fall into a triple-dip recession later this year.

F&C Investments recorded a £4.9bn outflow in the fourth quarter of 2012, with AUM hit by strategic partner withdrawals and redemptions in its wholesale business.

The Financial Services Authority (FSA) has said it will "come down hard" on those firms who continue to flout its rules after its first round of thematic reviews this year.