News

The International Monetary Fund (IMF) has raised an additional $320bn (£199bn) in a bid to boost its firepower to deal with the eurozone debt crisis.

A former member of the Monetary Policy Committee has claimed Bank of England governor Mervyn King was "unprepared for the crisis" that wrecked the world economy and "controlled the bank with an iron fist."

The FSA has said that large firms may be stalling the move to pure adviser charging propositions because their competitors have not yet made the transition.

Tenet Group has made a number of changes to its board, with current chairman Lord Hodgson of Astley Abbotts leaving and Martin Greenwood taking up the position of executive chairman.

The International Monetary Fund (IMF) has warned the world faces a credit crunch similar to that of 2008/09 as the euro crisis forces banks to cut their balance sheets.

Wealth manager Hargreaves Lansdown has reported a new record for assets under administration despite an expected slowdown in investor activity and increased competition.

Safe Home Income Plans (SHIP), the trade body for equity release, has appointed Chris Pond as chair of the SHIP standards board.

People coming up to retirement are choosing to save rather than spend, research has found.

Franklin Templeton is to close two of its UK OEICs and merge away two others following a review of its UK domiciled fund range.

The European Life Settlement Association (ELSA) has blamed the "sensationally negative" FSA for damaging the traded life policy sector (TLPI) sector.