News

The FSA's acting enforcement head, Tracey McDermott, has said the financial services industry is failing to heed the lessons of previous failures and "has no-one but itself to blame" for low consumer confidence in the sector.

PruProtect has announced a significant rise in new business premiums and the number of lives it now covers.

If government reduces pensions tax relief to 20%, the ‘squeezed middle' could be £3,000 worse off per year in retirement, says Fidelity Worldwide Investment.

Her Majesty's Revenue and Customs (HMRC) plans to create 30 taskforces to tackle tax evasion by the end of 2012/13.

A group of MPs have backed calls by the Financial Services Consumer Panel (FSCP) for firms to sign up to a 'fiduciary duty' under the new regulatory system.

Asset managers are set to shake-up the annuity market after weeks of dire predictions about the value of annuities for savers.

Capita, the authorised corporate director of the failed Arch cru funds, has revealed the settlement earlier this year cost it £17.9m.

Towry’s High Court defeat has sparked fresh calls for industry consensus on restrictive covenants. Alasdair Pal takes a look at what future adviser contracts might look like.

Wealth manager St James's Place (SJP) is rolling out "minimum service standards" for its advisers to ensure trail commission and ongoing fees are being levied fairly.

Taxpayer-owned The Royal Bank of Scotland (RBS) made a £2bn loss last year, its fourth straight year of losses since its 2008 bailout.