News

Trust and fiduciary service provider, Vistra, has acquired Cynosure, a specialist corporate services provider focused on the establishment of Wholly Foreign Owned Enterprises (WFOEs) in China.

The Investment and Life Assurance Group (ILAG) has warned that increased publishing of decisions made by the Financial Ombudsman Service (FOS) could be a boon for claims management companies (CMCs).

Universal Provident has increased its maximum initial insurable benefit under LivingCare, its long term disability insurance policy, from £20,000 to £35,000 per annum.

John Spence, the newly-appointed non-executive director of the Money Advice Service (MAS), was in charge of managing risk at Lloyds TSB during the height of its endowment mis-selling scandal.

Britons rank second in a list of non-US nationals most keen to tip America's regulators off about suspected financial crime, according to the first annual report on the Securities & Exchange Commission's whistleblower program.

Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.

Heavy selling of the euro saw it tumble through the $1.30 mark versus the US dollar late this morning to its lowest level since early January.

The fit note is failing to reduce employee sickness absence and may take five years to become fully integrated, the Chartered Institute of Personnel and Development (CIPD) has revealed.

NBNK Investments, the banking venture run by former Northern Rock chief Gary Hoffman, will call itself the New Generation Bank if its bid to buy more than 600 Lloyds branches proves successful.

Exiting advisers on the hunt for buyers for their firms are being warned to beware tempting deals which could have hidden pitfalls.