News

The Financial Ombudsman Service (FOS) is proposing a new funding system for those businesses which receive mass complaints.

The Financial Ombudsman Service (FOS) today proposed a modernisation of its funding model which could increase the number of free cases for small businesses from three annually to as many as 25.

The Financial Ombudsman Service (FOS) said the number of complaints it receives about high risk investments being sold inappropriately remains "significant".

As ongoing Eurozone issues play out and worldwide market volatility continues to affect investors globally, TD Direct Investing has announced it's embarking on its biggest ever survey into retail and expat investor confidence.

Asset managers Neuberger Berman has appointed Robert Schlichting as its Managing Director and Head of Distribution in Germany and Austria.

Auditors PricewaterhouseCoopers (PwC) has been fined £1.4m for failing to spot client money handling errors at J.P.Morgan bank.

France's minister for European affairs, Jean Leonetti, has signaled plans for a Europe-wide financial transaction tax will be legalised by the end of 2012, despite opposition from countries including the UK.

Trade union Unite has branded plans by the Royal Bank of Scotland (RBS) to axe staff from its investment banking division as "appalling".

IFAs are increasingly positive about the protection market's prospects for 2012, according to a new survey.

Stress and mental health have taken a back seat as UK bosses worry most about employee's work/life balance Group Risk Development (GRiD) has said.