News

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.

The proportion of advisers intending to leave the industry ahead of Retail Distribution Review (RDR) implementation appears to be levelling out, a survey has suggested.

Automatic enrolment will become the most expensive regulatory change imposed on businesses under the coalition government.

The Financial Services Authority (FSA) has banned a mortgage adviser following his role in a multi-million pound fraud, for which he was sentenced earlier this year.

The Bank of England said it may reconsider the case for cutting interest rates once the impact of the new funding for lending scheme becomes clear.

The Association of Independent Financial Advisers (AIFA) has set out plans to the Treasury on how regulatory fines could be used to transition the Financial Services Compensation Scheme (FSCS) to a pre-funded system.