News

The Financial Services Authority (FSA) has fined Turkish Bank (UK) Ltd £294,000 for breaching the Money Laundering Regulations 2007 over a two-and-a-half year period.

A Bradford-based financial adviser has been jailed after a court found him guilty of stealing almost £400,000 from four vulnerable clients over a 16-year period.

The Financial Services Consumer Panel (FSCP) is urging the Financial Services Authority (FSA) to seek to extend the deadline for a £54m Arch Cru payment scheme involving Capita, BNY Mellon and HSBC.

The CEO of fund management group Jupiter has said the significant disruption facing platform business models in the run-up to implementation of the Retail Distribution Review (RDR) will lead to consolidation in the space.

The Pensions Income Choice Association (PICA) is today issuing a request for information to develop a directory of financial intermediaries.

The UK government is looking at fully nationalising beleaguered bank RBS in an attempt to kick-start lending to British businesses.

A range of kitemarked simple products should be introduced to help restore consumer trust in the financial services industry, a Treasury-commissioned review has recommended.

Scottish Widows has linked with Jelf Employee Benefits to provide schemes and online tools for Jelf's auto-enrolment service Money at Work.

Britons' expectations of income in retirement are lower today than they were two years ago according to CoreData research.

UK house prices declined for the fourth time in five months in July, with prices falling by 0.7%, reported Nationwide.