News

The Financial Ombudsman Service has hinted at higher levies for the industry as a result of another spike in payment protection insurance (PPI) claims.

Nationals round-up: Hargreaves Lansdown criticised, another look at investing in technology and inflation assessed.

The Financial Ombudsman (FOS) is warning consumers not to fall for a cold calling scam in which the fraudsters claim to be from the service.

Global markets fell this morning over fears the new Spanish government - instated over the weekend - will not be able to pull back its domestic economy from the brink of default.

Offshore financial adviser confidence has dropped by 14% in Q4 2011, reports research by Skandia International. However, according to Skandia International's Adviser Confidence Barometer report, advisers based in Asia reflect a much more positive mood....

The Isle of Man has received the Royal seal of approval for its Foundations Act. This latest piece of legislation adds to the Island's offering as a centre for international wealth management, and puts it ahead of other centres who have still to usher...

Jim O'Neill, the head of Goldman Sachs Asset Management, has predicted China could overtake the US as the world's largest economy by 2027 and urged a rethink of the G7 away from domination by the West.

Royal Bank of Scotland is facing legal action over the collapse of MF Global after two pension funds accused the bank of making misleading statements about the broker's $6.3bn (£3.9bn) exposure to European sovereign debt.

A Barclays manager and a personal banker have been jailed for a £1.4m fraud of elderly customers, in a crime linked to organised gangs.

Taxpayers will underwrite mortgages totalling hundreds of millions of pounds under government plans to "unblock" the housing market and revive the flagging economy.