News

Bankers found to have rigged LIBOR rates could face jail time after the Serious Fraud Office (SFO) said it would look to bring criminal charges against perpetrators, the Telegraph reports.

A decision by HSBC to set aside a further £340m to fund payment protection insurance (PPI) compensation claims has taken the amount banks have now earmarked for PPI mis-selling redress to almost £10bn, a report says.

The Financial Services Authority (FSA) has confirmed changes to rules relating to mortality projections in pension key facts illustrations (KFIs).

Franklin Templeton has launched a Brazilian Opportunities fund targeting a total return from Brazilian equity, fixed income and currency markets.

The Financial Services Authority (FSA) has appointed Bill Sillett as head of retail enforcement, replacing Tom Spender.

The incoming Financial Conduct Authority (FCA) must "act more swiftly" than its predecessor the Financial Services Authority (FSA), and ensure it utilises the full powers at its disposal, a body representing consumer interests has recommended.

‘Worrying' numbers of people are not using their pension savings efficiently leaving potential inheritors liable to a hefty tax, according to Skandia.

Just Retirement has announced a ‘record' Q4 with a 29% increase in total group sales at £1,464m.

The Investment Management Association (IMA) is to begin charging non-members to list funds in its sectors in a move that could see some groups removing vehicles from the listings altogether.

Financial advisers working in banks will have a tougher time than IFAs persuading clients to part with a fee for their services, research suggests.