News

The High Court has rejected a bid for a judicial review into the £54m redress scheme brokered by the Financial Services Authority (FSA) offered by Capita and other businesses to Arch Cru investors.

Payment solutions provider Equiniti is to launch an execution-only service that aims to help its IFA partners service the mass market.

The FTSE 100 fell alongside other major markets across Europe today, after the Federal Reserve cut its growth forecast for the US economy.

Cofunds is piloting a graduate and school leaver apprenticeship scheme in order to bring new talent into the industry.

A top official at the Financial Services Authority (FSA) has warned Britain's four largest banks face more questions over their sale of interest rate hedges to small business customers.

Pensions minister Steve Webb has vowed to fight potentially "catastrophic" EU plans to impose funding rules to British occupational pensions.

The Bank of England has warned hedge fund managers the eurozone crisis could result in a clampdown on their activities.

Money Advice Service (MAS) chairmn Gerard Lemos has defended the organisation against the torrent of criticism it has received, insisting it is "crap".

Lyxor Asset Management (Lyxor) has teamed up with Koris International for a two year partnership offering alternative investment solutions for distribution across continental Europe.

The news that Spain's banks will receive a bail-out of around €100bn to ease pressure on the country's banking sector has been met with mixed reactions from the markets.