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News

Your profession

Aegon reports £22m loss

Aegon UK made a loss before tax of £22m in the fourth quarter of 2011, dragged down by further redress payments following administrative problems at Scottish Equitable and a slump in life and pensions sales.

clock 17 February 2012 •

Offshore Investment

European fund industry responds to FATCA proposals

The European Fund and Asset Management Association (EFAMA) is calling on the US government to extend its intergovernmental approach beyond the five countries listed in a recent joint statement.

clock 17 February 2012 •

Offshore Investment

International arrivals and departures

The latest people on the move in international finance.

clock 17 February 2012 •

Long Term Care

Senior HSBC boss praises NHFA in leaked 'training video'

HSBC encouraged bank staff to refer customers to the Nursing Home Fees Agency (NHFA), according to an alleged training video.

clock 17 February 2012 •

Your profession

RBS director defends awarding Hester bonus

The Royal Bank of Scotland (RBS) director responsible for remuneration has defended awarding chief executive Stephen Hester a bonus worth £963,000.

clock 17 February 2012 •

Regulation

L&G employee arrested in FSA insider dealing investigation

A Legal & General employee has been arrested as part of an investigation into insider dealing by the Financial Services Authority (FSA) and Serious Organised Crime Agency (SOCA).

clock 16 February 2012 •

Term Assurance

Ellipse ties-up bereavement charity deal

Ellipse has agreed a deal with a children's bereavement charity to provide counselling services for all group life claimants.

clock 16 February 2012 •

Wrap/platforms

Terry Smith: Platforms adding to fund costs

Terry Smith, the City veteran and founder of low cost fund management group Fundsmith, has attacked platforms in the UK for adding to the overall cost of investing in funds.

clock 16 February 2012 •

Regulation

Merchant Capital warns clients may suffer due to FSA probe

Merchant Capital has warned some of its clients may suffer losses due to an ongoing Financial Services Authority (FSA) investigation into its custodian company Pritchard.

clock 16 February 2012 •

Economics / Markets

UK odds on to retain triple-A status, says bookie

It is far more likely the UK will retain its prized triple-A status than be downgraded, according to the bookies which seem unperturbed by the recent ratings agency threat.

clock 16 February 2012 •
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