News

The quality of financial advice given by advisers in high street banks and building societies has come under fire after a mystery shop by consumer watchdog Which?

Hundreds of thousands of Halifax customers could receive payments of up to £4,500 after the bank said more people might have been misinformed about changes to mortgage rates than it had originally thought.

A Federal Reserve official has called for more "monetary accommodation" to tackle surging unemployment and the country's creaking mortgage market.

Financial secretary Mark Hoban has defended the Money Advice Service after a prominent peer launched an attack on pay levels at the organisation.

Aviva has said 384 jobs in its Bristol office are at risk due to a simplification of its life business.

A marked change in consumer awareness is causing consumers to take an "austere" self-assessment of protection needs, Swiss Re has said.

The Permanent Health Company (PHC) has sought to reassure advisers' and quell concerns that its new five year underwriting deal with Axa PPP will eventually result in a takeover.

Westfield Health has reported sales growth of 29% increasing market share to 13.5%, in its annual results for 2010/11.

The Financial Services Authority (FSA) has outlined how it will measure the success of the retail distribution review (RDR), presenting nine key indicators and setting baselines for the post-implementation review.

IFAs have claimed providers of individual protection products consistently fail to meet their expectations in dealing with existing business, Defaqto said.