News

The Financial Services Authority (FSA) has fined investment firm Accendo Markets £56,000 after it failed to ensure its customers were suitable for high-risk products.

Advisers with clients in the suspended EEA Life Settlements Fund are to be offered an exit strategy following the Financial Services Authority's (FSA's) decision to ban the asset class for retail investors.

The average pay for FTSE 100 chief executives rose 10% in the past year to £4.8m, according to research.

Two more firms have joined Succession Advisory Services, adding £100m in funds under management (FUM) to the consolidation vehicle.

The Money Advice Service (MAS) has set out plans to introduce a voluntary code of practice for providers of financial education to young people.

The Association of British Insurers (ABI) has downplayed the impact of charges on pension pots, pointing instead to the importance of increasing contributions and saving earlier.

New appointments for Friends Provident International and Russell Investments

The Financial Services Bill has been branded a 'dog's breakfast' by a prominent Labour peer and criticised for being put together too quickly.

The Office for National Statistics has proposed a new inflation measure to replace the Consumer Prices Index (CPI) which would include housing costs in the calculation.

Royal Bank of Scotland (RBS) has told staff they will have to work longer and contribute 5% of salary to their final salary pension.