News

The Financial Ombudsman Service (FOS) has rejected calls from industry stakeholders for claims management companies (CMCs) to be charged FOS fees and levies.

The Equity Release Council has appointed Liz Barclay and Jim Dredge as members of its standards board.

The Department for Work and Pensions (DWP) has denied that its preferred option for consolidating small pots will increase cases of pension fraud.

Legal & General (L&G) has made a number of changes to its critical illness insurance (CII) plans.

Sanlam Private Wealth (SPW) has acquired three advisory firms, bringing in a combined £75m in funds under advice.

UK-listed banking giant Standard Chartered saw its UK share price fall by almost a quarter in early morning trading following allegations it assisted in a $250bn money laundering scheme.

Spanish stocks rallied sharply on Monday afternoon after a technical glitch shut down the country's blue chip index for almost five hours.

The UK's highly-prized AAA-credit rating should not be seen as the 'be all and end all' of government policy, Chief Secretary to the Treasury Danny Alexander has said.

Insurer Legal & General (L&G) said it is ready to deliver a restricted advice solution for its distribution partners after announcing an increase in half-year profits.

Changes could be made to the Financial Ombudsman Service (FOS) board ahead of the industry-wide regulatory upheaval next year.