News

The FSA has cancelled the permissions of Equifund, citing lack of professional indemnity (PI) insurance and "significant failings" in the conduct of the broker's business.

The Legal Services Board (LSB) has released proposals which it says will deliver greater protection to consumers that are writing wills by ensuring everyone providing services in this area is regulated.

Two men and a woman have been jailed for a fraud where more than £4m was taken from private investors through a boiler room based in Spain and Ireland.

Former Icelandic Prime Minister Geir Haarde has been found guilty of one of four charges of negligence relating to the collapse of the country's banks during the 2008 financial crisis.

Rowanmoor Pensions is already storming ahead of last year's total new business figures with a 220% increase in SIPP sales from last year's Q2.

Equity release advances increased by 10% over the past year for SHIP members.

Schroders is preparing to launch a fund of funds investing in a range of the group's own Maximiser and fixed income portfolios.

Most IFA clients are supportive of the incoming adviser charging regime, research suggests.

Updated at 13.00: The FTSE 100 was 1.8% lower on Monday after poor German manufacturing data drove down indices across Europe.

Fund managers looking to offer clean share classes could find it "cheaper" and "simpler" to adapt existing institutional share classes as opposed to developing new ones, Deloitte has suggested.