News

The government has ordered a parliamentary inquiry into professional and cultural standards in British banking less than a week after Barclays was fined for attempting to fix Libor and its European equivalent, Euribor.

Analysts have suggested the fallout from the LIBOR price-fixing scandal may ultimately lead to significant asset disposals or even a break-up of the bank.

Firms that continue to have issues picked up on by the Financial Services Authority (FSA) are likely to be treated more harshly by the regulator's successor, according to one of its directors.

Platform and discretionary fund manager Parmenion said it is attracting about £20m of new business per month, after revealing its tiered charging structure ahead of the Retail Distribution Review (RDR).

A Guernsey politician has set out proposals to overhaul the QROPS legislation that led them to fall foul of HMRC rules

The Financial Services Compensation Scheme (FSCS) has reduced the amount of compensation it is planning to collect from AWD Chase De Vere over its sale of Lifemark-backed Keydata investments, the national IFA has said.

Mutual life and pensions company Royal London has announced the management team for its intermediary propositions, following the appointment of Hugh McKee as chief executive last month.

The number of registered chartered financial planners in the UK has almost doubled from three years ago, and now tops 3,000, figures show.

Investment manager Heartwood is to offer its model portfolios on the Novia platform.

The over 65s are worse off than younger retirees and face an average income drop of 24%, according to Primetime Retirement.