News

The Financial Services Authority (FSA) has confirmed the presence of trainees within an advice firm will not prevent it from holding itself out as independent.

The Financial Services Authority (FSA) has fined former finance director at Royal Liver Assurance Limited (RLA), George McGregor, £109,000 for entering into contracts on behalf of RLA without authorisation and which benefitted a former RLA employee.

The Isle of Man Government says it has been working on a 'number of options' to cope with potential changes to the Qualifying Recognised Overseas Pension Scheme (QROPS) regime announced by the UK government last year and due to come into force on 6 April...

Isle of Man-based private client investment house, Thomas Miller Investment, is to open an onshore private client business in the UK.

Andrew Tyrie, the chairman of the Treasury Select Committee, has stepped up his efforts to make the Financial Conduct Authority (FCA) more accountable to Parliament than its predecessor, the Financial Services Authority (FSA).

Ratings agencies have refused to apologise for mistakes made in the run-up to the subprime mortgage crisis - and warned more errors could be made in the future.

Businesses running final-salary pensions are being "clouted" by the government's quantitative easing (QE) programme, says the National Association of Pension Funds (NAPF).

Ministers have been urged by an influential committee to draw up a plan of action to help the country cope in the event of a eurozone collapse.

Operating profits at Aviva UK rose 8% to £1.45bn in 2011, thanks largely to a boost in new sales in its life and pensions division.

The Federation of European IFAs has added further firms to its membership. The trade association now has in excess of 30 companies under its banner and continues to provide an exclusive range of services for them.