News

Sanlam UK has inked a deal with Statehouse Financial Management which will see the Wiltshire-based firm adopt Sanlam's hybrid advice model.

MPs looking into the Arch Cru collapse have called for a "global meeting" of the parties involved after accepting there is now "no guarantee" of investors getting more than 70% of their assets back.

Lloyds Banking Group made a loss of £3.5bn last year - largely due to money set aside to cover payment protection insurance (PPI) claims - and said its bonus pool was down 30% against 2010.

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.