News

Royal Bank of Scotland (RBS) has appointed Lazard to manage an auction of parts of its investment bank in a move which may lead to as many as 10,000 job cuts.

An industry expert has called for greater engagement by the protection industry to prevent regulation of payment protection insurance (PPI) hurting the protection market.

The British Insurance Brokers' Association (BIBA) has launched a sanctions checking facility to help members comply with the Terrorism Act and the FSA financial crime requirements.

Transact has told advisers it is not looking to expand into the direct to consumer (D2C) or workplace savings markets and will instead focus solely on the IFA space.

Alliance Trust has alerted the Financial Services Authority (FSA) after a number of its shareholders received bogus telephone calls offering to buy shares at double their market value.

The Advertising Standards Authority (ASA) has barred Direct Line from showing a TV advert again after it was found to have misled consumers.

Fidelity FundsNetwork has added Hawksmoor Investment Management to its discretionary management service.

Doctors are increasingly assisting insurance fraud alongside other professionals such as solicitors and vets, police have revealed.

LV= has further reduced interest rates on its lifetime and flexible lifetime mortgages.

Wrap Transact suffered a £3m drop in profits last year after it was hit by an FSA fine for client money breaches.