News

Governor of the Bank of England, Sir Mervyn King, has admitted major mistakes were made by economic policymakers during the financial crisis.

European stocks are climbing after a four day sell-off, following a pledge from European Central Bank president Mario Draghi that the ECB will "do whatever it takes to preserve the euro".

The former chairman of Tenet Group has criticised the Financial Services Authority (FSA) over its ‘Kafkaesque' behaviour in blocking the company's finance director from obtaining a significant influence function (SIF).

Skandia is to facilitate bulk transfers of business for ex-Honister advisers who have been reauthorised under a new firm.

The High Court has ordered two related companies into liquidation for their roles in a £3.2m land banking scam.

Adviser charging for personal and group personal pensions can be applied general pensions advice, including annuity choice or drawdown, according to guidance from HM Revenue & Customs (HMRC).

Aviva is set to expand its equity release pilot scheme, following a successful trial period earlier this year.

Multi-tie mortgage and financial advice network Openwork has made several redundancies, including mortgage relationship manager Karen Hedges, as part of a cost-saving initiative.

Business Secretary Vince Cable has thrown open a potential challenge to George Osborne's role as Chancellor of the Exchequer after claiming he would "make a good chancellor".

Online adviser support on I-E tax changes and the gender directive has been launched by LV=.