News

A trustee tasked with returning money to victims of Bernard Madoff's Ponzi scheme fraud says more than $1bn (£610m) has been recovered from investment funds which placed money with the fraudster.

A chorus of global banks has warned that Washington risks triggering a global slump and may suffer permanent loss of credibility by flirting with default on America's $14.3trn (£8.8trn) federal debt.

A vote on a Republican bill to raise the US's debt ceiling and prevent it from defaulting for the first time has been delayed.

The European Parliament has backed calls for the implementation of Solvency II to be delayed until 2014, a year later than planned.

The Institute of Financial Planning (IFP) and Aberdeen Asset Management are to hold a series of free educational seminars for advisers, beginning with an event focusing on post-RDR remuneration models.

Despite all the noise around sythetic ETFs, there is just as much risk in physical ETFs if counterparty risk is not diversified.

Employees do not understand the value of their employee benefits package while many under-25s ignore it altogether, according to research.

The Protection Review and the Personal Finance Society (PFS) will soon be announcing the first dates for independent protection training for advisers.

Openwork has begun a pilot programme to start its transition to a fee charging, RDR-compliant model.

Friends Life has re-launched its group protection proposition which integrates the previous Bupa Health Assurance and Friends Provident offerings.