News

Neil Woodford has led a boardroom overhaul at claims handler Helphire, ousting former Tory leader Michael Howard after the company posted a series of disappointing results.

A draft copy of the European MiFiD financial services reforms has singled out independent firms for the ban on commission, but stops short of confirming the rules will also apply to other advisers.

Lord Adair Turner, the head of the FSA, last night launched an outspoken attack on the banks, claiming their ability to create credit and money is ‘potentially dangerous'.

Germany's parliament has voted by a large majority in favour of supporting a more powerful fund to bail out troubled eurozone economies.

Ana Botín, the chief executive of Santander's UK business, has given a severe profits warning as the lender faces rising costs and difficult market conditions.

The Barclay brothers have bought three of London's top hotels, including Claridge's, for 800m euros (£695m).

The Financial Services Authority (FSA) has been sitting in on the board meetings of some of the largest City firms.

The project to bring about an income protection (IP) quality standard (QS) has been abandoned.

Market turmoil has eroded investor confidence but this presents IFAs with a prime opportunity, according to Axa Wealth.

The Chartered Institute of Securities and Investment (CISI) will offer Chartered Wealth Manager status to members with Level 6 qualifications.