News

Brits would rather insure pets than themselves or their families, a survey has found.

Advisers will contribute £33m towards the total expected cost of running the Financial Services Compensation Scheme (FSCS) in 2012/13, although they will also pay an additional interim levy of at least £40m before April.

The financial services industry will pay an extra £40m toward the Money Advice Service (MAS) after it agreed to take on responsibility for coordinating and providing debt advice.

The Financial Services Compensation Scheme (FSCS) says it expects to recover "very significant" sums of money paid out as compensation to investors mis-sold Keydata bonds.

Advice firms will pay £38.4m towards funding the Financial Services Authority (FSA) in 2012/13, the regulator proposed today.

Revisions to the regulations governing automatic enrolment have been released following the conclusion of a Department for Work and Pensions consultation.

Facebook's long-anticipated initial public offering will see it look to raise $5bn in a listing expected to value the company at up to $100bn.

A eurozone meltdown would plunge Britain back into a two-year recession and send unemployment soaring above 10%, the Institute for Fiscal Studies (IFS) has warned.

J. P. Morgan Asset Management's US Equity Income Fund portfolio manager, Clare Hart is forecasting that the US will continue to experience sub-trend growth over the next one to two years, but that a recession will be avoided.

Despite the recent downgrades by Standard & Poor's and Fitch, Royal London Asset Management reports that a relative stability has settled over European government bond markets as risk assets rally.