News

The Financial Services Authority (FSA) has appointed Tracey McDermott as its director of enforcement and financial crime, a position she has held in an acting capacity for the past 16 months.

The Financial Services Authority(FSA) has launched a crackdown on ACDs operating in the UK in the wake of the Arch cru scandal, as one major player confirms it is pulling back from the market.

The Financial Services Authority (FSA) has issued a public censure of City Gate Money Managers and banned its director and compliance officer Stewart Wallace Domke from holding any significant influence Functions.

Financial services group Sanlam UK has acquired financial planning business English Mutual for an undisclosed sum.

The Post Office is introducing specially trained mortgage specialists in five of its UK branches today.

China's inflation level fell to a 30-month low of 1.8% in July, continuing to tumble as the global slowdown takes hold.

Combined second-quarter earnings across Aegon's distribution businesses - which include national IFAs Positive Solutions and Origen - were nil, the insurer has reported.

Insurer Aviva recorded a loss after tax of more than £680m in the first half of the year, after writing down some £870m of goodwill at its US business.

Pensions are not considered to be a "retirement funding source" by 44% of Brits, according to a survey by Baring Asset Management.

The Financial Services Authority (FSA) board has expressed concerns about the accountability of the Money Advice Service (MAS).