News

Government plans to give the FSA's successor powers to intervene in product regulation could lead the public to expect they have been endorsed by the regulator and so are ‘safe', ministers have been warned.

The government has confirmed the FCA will have a statutory duty to promote competition, but stopped short of making it one of the new body's core principles.

The government has reiterated it will not introduce legislation to override pension scheme indexation rules.

Pressure is mounting on the Treasury over Arch cru today after a second MP called for the government to step in and investigate the role of the Financial Services Authority (FSA) in the failure of the cru fund range.

GPs have condemned the care offered to mental health patients by the NHS while some have resorted to prescribing drugs to those facing long waiting lists.

Curtis Banks has issued a reassurance to advisers that business will continue as usual after its acquisition of Montpelier's SIPPs.

A Havant-based bank with just over 250 customers and around £7.4m in deposits has gone into insolvency, with the FSCS set to compensate victims.

Skandia International and Fairbairn Private Bank are two of this year's major winners in the International Fund & Product Awards 2011.

Standard Bank Offshore has appointed Sheena Maddrell as its new European business development manager, as part of the bank's ongoing commitment to developing business through Independent Financial Advisor (IFA) distribution channels.

Britain at risk of being sucked into a second bailout for embattled Greece, the financial sector's "ferocious" drag on the UK's recovery and the Fed considering an inflation target…we bring you the day's biggest news from the nationals.