News

Lifesearch has bucked the trend of declining protection sales with a significant growth in business last year.

The Financial Services Compensation Scheme (FSCS) spent nearly £400m on management expenses in the 2010/11 year as it took in nearly £1bn in levies and paid out over £535m in compensation.

Aviva's share price fell 3.12% today after it announced it will sell three of its overseas arms to MetLife.

The asset management industry must create an industry standard to bring greater transparency to investment charges, Fidelity Worldwide Investment said today.

Critical illness (CI) and mortgage payment protection insurance (MPPI) are among the most complicated financial products for consumers to understand, the ABI has found.

The alleged rogue trader at the heart of a multi-billion pound fraud investigation has pleaded not guilty to two charges of false accounting and two of fraud.

The Department for Work and Pensions (DWP) is disbanding an overseas team of pensions officers in Bangladesh, Pakistan, India and Yemen.

Concerns have been raised about the role of auditors PricewaterhouseCoopers (PwC) after financial uncertainties arose at accountancy and advisory group RSM Tenon.

The regulatory body for the European Union has proposed stricter disclosure requirements on providers of exchange traded funds (ETFs), but has backed away from imposing more radical reforms on the sector.

The government has rejected calls to block bonuses for top earners at Royal Bank of Scotland (RBS).