News

The Financial Services Authority (FSA) has proposed rules to bring the protection of policyholders with unit-linked and index-linked life insurance products in line with new European legislation.

Isle of Man's Chief Minister Allan Bell has welcomed an evaluation carried out for the G20 which includes the island in a list of countries "strongly adhering to international standards of co-operation and information exchange."

Group protection business at Friends Life dropped by more than half in the third quarter of the year while individual business slipped slightly compared to the previous three months.

Jersey has signed a Tax Information Exchange Agreement (TIEA) with India, declaring the agreement a welcome development in the island's progress in establishing closer commercial ties with the country.

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.