News

Clients of troubled spreadbetting firm Worldspreads have moved a step closer to getting funds back through the Financial Services Compensation Scheme (FSCS) after administrators KPMG began sending out final statements.

Confidence in the financial services industry has dramatically improved in the last quarter, with life insurers and investment managers "particularly bullish", a poll shows.

Lawyers for professional services group RSM Tenon have raised "serious concerns" about the quality of PwC's audit and advised Tenon may have a legal claim, according to reports.

RBS could start paying dividends to preference shareholders again later this year, which could lead to £400m capital raising, a report has suggested.

A strong performance from US and Asian stocks has helped push global equity indices to their strongest start to a year since 1998.

The "old boys network" that makes up the committees which set executive pay must end, a think tank says.

The Pensions Ombudsman has rejected a complaint alleging that Alexander Forbes Financial Services (AFFS) misled the complainant into switching from a final salary to a defined contribution (DC) pension scheme.

Honister Capital has adopted a financial planning tool from Advisa Centa and will roll it out to its 1,200 advisers.

The equity release lender is increasing maximum loan sizes by 11% and cutting rates by 0.2%, following a move to increased individual underwriting.

Network and support service provider Sesame Bankhall Group (SBG) has said a large number of its 2,800 member firms are considering a 'hybrid' practice - offering both independent and restricted advice.