News

Credit rating agency Moody's has downgraded Japan's sovereign debt rating by one notch, saying weak political leadership has hampered growth.

The insurance industry made a total contribution of £10.4bn to the Exchequer, a report from the Association of British Insurers (ABI) and PWC has revealed.

For most IFAs, meeting new people and laying down trusted relationships is the best part of the job, with many clients becoming life-long friends. But that doesn't stop them driving advisers crazy from time to time.

Remuneration deals for thousands of staff at part-nationalised lender Royal Bank of Scotland have been revealed after a gaffe from a recruitment agency.

The Department for Work and Pensions (DWP) has confirmed when employers must pay pension contributions for workers on maternity leave after confusion over the law.

The FSA has cancelled the permissions of Cheshire-based mortgage broker Total Independent Mortgages for failing to submit its Retail Mediation Activities Return (RMAR) for 2010.

Consumers searching online for a fee-charging adviser may miss out as just 2.3% of IFAs advertise themselves as fee-based on their own websites, according to research.

The number of mortgage approvals increased around 4% on a monthly and yearly basis in July to 74,590, as gross mortgage lending remained flat for a third consecutive month at £7.6bn, the British Bankers' Association (BBA)reports.

Former Guns N' Roses bassist Duff McKagan has launched a financial advice firm to serve his fellow rockers.

Spain has put in place a public sector borrowing cap in an effort to ease its debt burden.