News

Prime minister David Cameron has caused the EU to fracture after refusing to sign up to a new treaty over concerns about financial services regulation.

Loans for home purchases reached their highest number since December 2009 in November thanks to the loosest mortgage lending conditions seen since the Lehman collapse, according to the latest Mortgage Monitor from e.surv chartered surveyors.

Alcentra, a European division of BNY Mellon Asset Management, has announced its intention to launch a Guernsey-domiciled European Floating Rate Income Fund in early 2012, which is to be listed on the main market of the London Stock Exchange.

Bright Grey and Scottish Provident have warned that insurers could be "shooting themselves in the foot" by changing the way they request medical evidence from GPs.

Shares in European financials have dropped in late trading as the latest European Banking Authority stress tests said the industry must raise €115bn in capital by June 2012.

Martin Werth, managing director of Ageas Protect is to step down at the end of this year.

HSBC has announced it will take responsibility for all customers mis-sold investment products by NHFA, a care fees advice business it acquired in 2005.

Health insurers have applauded the Office of Fair Trading's (OFT) decision to refer the operation of the private healthcare market to the Competition Commission (CC).

Jelf Employee Benefits has predicted an upturn in group risk consultations in 2012.

The Financial Services Authority (FSA) has warned investors against dealing with a clone of asset manager GAM.