News

The government has been criticised for its insistence that the Money Advice Service (MAS) should be responsible for educating consumers about risk.

The government response to a European Court of Justice Ruling outlawing gender-based pricing of annuities has made it more likely that a test case will be brought, a lawyer has said.

Regulators have turned their attention to at least four of Europe's largest banks in a continued investigation of manipulation of the LIBOR benchmark interest rate.

Eurozone economies are in critical danger and in dire need of expansive quantitative easing measures from the ECB, according to an International Monetary Fund (IMF) staff report.

Liontrust has chalked up its eighth successive quarter of net inflows for the three months to 30 June 2012 as it builds on its acquisition of Walker Crips.

The Co-operative Group has agreed terms with Lloyds Banking Group to purchase 632 bank branches.

Trade minister Lord Green, the former CEO and chairman of HSBC, has been warned he has "serious questions" to answer over the bank's failure to stop money-laundering by drugs cartels and terrorists.

Advisers and self-funders can be confident that the importance of long-term care financial advice has been recognised by the government, Partnership has claimed.

HSBC will make an additional £2bn of mortgage funding available to UK borrowers, with £1bn allocated to first-time buyers this year.

Equity markets around the world have struggled to make headway this year, with many major indices giving up gains made early on to leave them standing flat or down for 2012.