News

An outspoken critic of the new qualification requirements for advisers has revealed he considered 'passporting' his business into the UK from Dublin in a bid to bypass the rules.

Switzerland's central bank is embroiled in a political storm after it was revealed the wife of the governor sold 500,000 Swiss francs shortly before the authorities intervened to cap the value of the currency.

A former chief executive officer of UBS AG's wealth management unit who is challenging a £100,000 FSA fine was yesterday accused of failing to control the activities of his team, allowing them to make up to 50 unauthorised trades per day.

Planned changes to NHS pensions could drive thousands of doctors to retire early and spark strike action, the British Medical Association (BMA) has warned.

Royal Bank of Scotland (RBS) has appointed Lazard to manage an auction of parts of its investment bank in a move which may lead to as many as 10,000 job cuts.

An industry expert has called for greater engagement by the protection industry to prevent regulation of payment protection insurance (PPI) hurting the protection market.

The British Insurance Brokers' Association (BIBA) has launched a sanctions checking facility to help members comply with the Terrorism Act and the FSA financial crime requirements.

Transact has told advisers it is not looking to expand into the direct to consumer (D2C) or workplace savings markets and will instead focus solely on the IFA space.

Alliance Trust has alerted the Financial Services Authority (FSA) after a number of its shareholders received bogus telephone calls offering to buy shares at double their market value.

The Advertising Standards Authority (ASA) has barred Direct Line from showing a TV advert again after it was found to have misled consumers.