News

The government has admitted it is ‘difficult' to ascertain the impact of the LIBOR rigging scandal on consumers and whether banks will have to pay out compensation as a result of it.

Number 10 has announced that secretary for work and pensions Iain Duncan Smith will remain in post after the cabinet reshuffle.

Financial Services Authority (FSA) chairman Lord Turner has promised an independent inquiry into an IT glitch that affected millions of Royal Bank of Scotland (RBS), NatWest and Ulster Bank customers in June.

Skandia has developed an iPad version of its ‘appetite for risk' app which was released for the iPhone in April this year.

Principal Investment Management has acquired discretionary investment manager Iain Nicholson Investment as it expands its presence in the regions.

Berry Asset Management has unveiled a lower cost investment proposition in preparation for the Retail Distribution Review (RDR).

The Prime Minister is set to continue his Cabinet re-shuffle on Tuesday after appointing Andrew Mitchell, former International Development Secretary, as his new chief whip.

British adults have reported that 28 is the age to begin building long-term financial provisions, Bright Grey has said.

The Financial Conduct Authority (FCA) will lay down a marker to the financial services industry by widening the scope of the incoming commission ban on retail investment sales, according to a report in The Independent.

Two directors of self-invested personal pension outfit The Freedom SIPP have lost their legal battle to appeal against being banned from acting as trustees by two financial watchdogs.