News

Banking giant Lloyds is to strip five current and former senior bankers of some £1m in bonuses over their role in the mis-selling of payment protection insurance (PPI), according to the Telegraph.

Aviva has launched an adviser-facing awareness campaign to help IFAs emotionally engage with clients and their families while approaching the subject of protection.

The Financial Services Authority (FSA) has referred Catalyst Investment Group, the UK marketing and distribution agent for ARM Asset Backed Securities, to its enforcement and financial crime division, according to reports.

Italian authorities have arrested eight individuals believed to have been involved in hiding trillions of dollars of fake US bonds.

Shadow Chancellor Ed Balls has called for a series of tax cuts in next month's Budget which he says are needed to boost the UK economy.

People need to take ownership of financial planning as the average retirement age increases, says an AXA Wealth spokesman.

The Society of Trust and Estate Practitioners (STEP) has drafted a model clause for wills in response to government plans to reduce inheritance tax for charity donors.

A financial adviser has been fined £335,204 by the Financial Services Authority (FSA) after he deliberately retained insurance premium payments meant for the providers of the policies.

Victims of a boiler room scam are set to share £64,000 in redress after the Financial Services Authority (FSA) obtained a court order against a firm involved in the fraud.

The government could force people judged too sick or disabled to be employed to do unlimited unpaid work or risk losing their benefits.