News

Profits at wealth manager St James's Place (SJP) rose in the first six months of the year, helped in part by a record quarter for new business.

The Financial Services Authority (FSA) has cancelled an adviser's Part IV permissions for his failure to submit a Retail Mediation Activities Return (RMAR) for 2011.

The British Bankers Association (BBA) has come under fire from a former member of the LIBOR compilation team at Thomson Reuters, who claims the organisation was told on a weekly basis in 2008 that the rates were being distorted.

The European Commission has cracked down on the fixing of interest rates in the latest twist to the LIBOR scandal, which has dominated headlines in recent weeks.

Alison Carnwath, the head of the Barclays remuneration committee that approved former CEO Bob Diamond's £17m pay package earlier this year, has left the bank.

The Financial Services Authority (FSA) is refusing to change the Financial Services Compensation Scheme (FSCS) sub-classes, despite anger from advisers about having to pay for Keydata failure.

The Financial Services Authority (FSA) has promised that one of its replacement bodies, the Financial Conduct Authority (FCA), will not be a retrospective regulator.

The Financial Services Authority (FSA) has 'overstepped the mark' in a letter urging professional indemnity insurance (PII) insurers to pay out on Arch Cru claims, according to a lawyer.

The elderly and their families need to seek professional advice on long-term care funding, Partnership has urged.

The Financial Services Authority (FSA) has said it remains ‘unconvinced' about the idea of replacing the current Financial Services Compensation Scheme (FSCS) funding model with product levies, despite arguments it could create a fairer system.