News

The Financial Services Authority (FSA) has fined Combined Insurance Company of America (CICA) £2.8m because its poor management of staff put customers at risk of being treated unfairly.

A woman has been given a prison sentence and forced to pay back her £20,000 retirement nest egg after she was found guilty of benefit fraud.

We look at key themes and events that have impacted investment over the past year.

MPs have put their weight behind plans for the regulator to be able to publish warning notices about a firm, even before a final decision is made in the case.

Pension reciprocation, or pension unlocking, agreements operated by Ark Business Consulting are illegal, judges in the High Court ruled on Friday.

Shadow Treasury minister Chris Leslie has demanded details on the costs of the Money Advice Service (MAS) to the taxpayer.

Guernsey-based Skipton International has added a 180 day notice account to its portfolio of business deposit products and lifted rates across the board on its other 120, 80 and 40 day notice and ‘easy access' sterling business products.

Jersey-baed Santander Private Bank has sharpened its deposit interest rate offering saying it's responding to the "abnormally low interest rate environment" that has seen UK base rate remain stuck on its record low of 0.5% for nearly three years.

An interest-only mortgage application should be assessed as though it is a capital-and-interest deal, unless there is a "believable" strategy for repaying the loan that does not rely on house price inflation, the Financial Services Authority (FSA) has...

The Financial Services Authority has outlined plans to ease existing borrowers into new affordability proposals enshrined in the latest Mortgage Market Review consultation paper. proposals.