News

Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its subsidiary, GLG Partners, for $355m (£220.4m) in cash.

Worries over the eurozone debt crisis have prompted the Ernst & Young Item Club to cut its forecast for GDP growth this year from 1.8% to 1.4%.

Clive Cowdery, the self-made insurance tycoon who gives away much of his wealth, is considering a surprise bid for the 630 bank branches being sold by Lloyds Banking Group.

The RDR is bound to disappoint because it will fail to meet its public policy objectives and widen the advice gap, according to wealth manager Fowler Drew.

The industry is split on the merits of the Treasury Select Committee's (TSC) key recommendation to delay the RDR for 12 months until 1 January 2014.

The Treasury Select Committee (TSC) may have lost the battle with the Financial Services Authority (FSA) over the RDR, but in the long war of financial services regulation it will seek to have its recommendations written into the successor Financial Conduct...

The Treasury Select Committee (TSC) will begin an inquiry into the accountability of the successor regulator to the Financial Services Authority (FSA), the Financial Conduct Authority (FCA).

The Treasury Select Committee (TSC) has called for a 12 month delay to the RDR to enable more advisers to reach Level 4, among a series of other concessions, but the FSA has flatly refused any negotiation on a change to its plans.

UK banks were not among the eight institutions to fail the European stress tests on the sector.

Research has shown advisers assess product attributes over any pricing consideration when advising on protection.