News

UK CPI inflation fell from 4.8% in November 2011 to 4.2% last month, the equal largest drop since December 2008, according to the Office for National Statistics.

New amendments to Dubai's International Finance Law (2004) have been announced which changes aspects of the regulation of the Emirate's Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) requirements for designated non-financial...

Global spending on retail banking technology is set to increase by $3.6bn (3.2%) in 2012, and will hit $135bn over the next five years, reports financial services analyst Ovum.

Ratings agency Standard & Poor's has downgraded the EU bailout fund to AA+ from AAA.

The Financial Ombudsman Service (FOS) saw a near-60% rise in complaints relating to payment protection insurance (PPI) in the final three months of 2011.

The government is seeking to cut half a million people from the disability benefits list when the Personal Independence Payment (PIP) is introduced.

The Money Advice Service's (MAS) senior management team shared a bonus of more than £100,000 in 2010/11, it has been revealed.

First State's Martin Lau has beaten stars including Invesco Perpetual's Neil Woodford and Neptune's Robin Geffen to see his Greater China Growth fund ranked the most consistent performer over the three years to the end of 2011.

Freedom Healthnet has upped the age limit for clients wishing to purchase its private medical insurance (PMI) plan.

Platform FundsNetwork is developing functionality to allow advisers to declare whether or not their post-RDR activities constitute "advice" in a bid to clear up ambiguities surrounding legacy commission.