News

The Financial Ombudsman Service (FOS) has given an insight into current complaint trends in critical illness, with a mixed report.

Clients' protection needs must take priority over investment ones in a simplified advice regime, the FSA has said.

Kweku Adoboli, an ETF trader in the London branch of UBS, has been arrested in connection with unauthorised trading which lost the bank US$2bn.

The FSA is warning firms developing fully-automated simplified advice processes to be mindful of the possible increased mi-selling risks they pose.

The Pensions Bill will have its third reading in the House of Commons on 18 October.

The National Audit Office (NAO) has warned the government that people using personal budgets to fund their social care need more support and greater protection from provider failures.

UBS has said it has discovered a loss in the region of $2bn as a result of rogue trading in its investment banking division.

The FSA today issued proposed guidance for firms seeking to develop a 'simplified advice' process for retail investment products.

The latest figures for inflows into commodity ETPs show clear signs of a weakening interest, Barclays Capital reports.

The chief executive of the Money Advice Service (MAS) today said his organisation offers advice solely as "ordinary folk understand it", and revealed some independent financial advisers (IFAs) had helped to develop its material.