News

The Financial Ombudsman has defended its hiring and training process after a 25-year-old law graduate with no financial services experience was found to have become an adjudicator after just a month's training.

B&CE has launched a super trust pension with no administration charge in preparation for auto-enrolment.

The FTSE 100 dropped sharply in morning trading as investors fretted over the future of Italy following a spike in the country's bond yields to record levels.

The planned investor-led judicial review into an Arch Cru compensation package will run separately to an action backed by IFAs, after concerns the adviser group has a conflict of interest with investors and insufficient funds to fight the case.

Simon Hudson, the former chief executive of Tenet Group, has made a swift return to the advisory arena with the acquisition of a Leeds-based firm, and is aiming to purchase up to five more businesses.

Nasdaq OMX and PC Bond, a provider of Canadian fixed income benchmarks, have joined forces to create a family of US Treasury indices.

The Financial Services Authority (FSA) has fined a Dubai based private investor $9.62m (£6m) for manipulating the closing price of securities on the London Stock Exchange, in the largest fine imposed by the FSA on an individual.

Take a look at our round-up of today's top stories from the nationals.

The Financial Services Authority (FSA) has cancelled the permissions of adviser Tracey McFadden for failing to turn in paperwork.

Friends Life Group said it is investigating drop-offs in persistency for some products ahead of the RDR despite a rise in sales of 24% in the nine months to September.