News

As the US continues to teeter on the brink of default, France has been dragged into the global financial crisis and Germany warns the Greek bailout was a one-off…we bring you all the top stories from the nationals.

US and Asian markets fell overnight on fears the US government will fail to resolve its debt crisis, ahead of a crucial vote by the House of Representatives today.

The Financial Services Authority (FSA) has warned firms and consumers to be vigilant for fraudsters claiming to be from the regulator.

St. James's Place failed to make a profit from its distribution arm in the first half of 2011, citing the impact of the Retail Distribution Review (RDR), although group operating profit was up 13%.

A group of millionaire investors, including insurance entrepreneur Hugh Osmond, have become the third group to submit a bid for the 632 bank branches being sold by Lloyds Banking Group.

Public sector workers will have to pay up to £3,000 a year more into their pensions to keep their "gold-plated" retirement schemes, ministers are set to announce.

Jubilee Financial Products has launched the Inflation Deposit and the Inflation Plus plans to help investors protect their capital from the ravages of inflation, as measured by the Retail Prices Index (RPI).

The advisory industry is backing calls for firms to be permitted to receive commission from ‘legacy' products until 2018 - five years longer than the FSA intends.

The Aberdeen UK Platform Awards dinner is the only event dedicated to excellence and achievement in the investment platform sector. All platform providers will be there, all hoping to win a prestigious award.

The FTSE has plunged in mid-afternoon trading with banking stocks hard hit after Santander released poor results and the impasse over the US debt ceiling shows no sign of ending.