News

John McFarlane, previously CEO of Australian banking giant ANZ, is being lined up to replace Lord Sharman of Redlynch as chairman of Aviva in June next year.

LighthouseCarrwood, a subsidiary of Lighthouse Group which provides financial planning services to professional practices, has been appointed by Dains Chartered Accountants to provide independent advice to its clients.

The Financial Services Authority (FSA) spent £763,000 on a review of the Financial Services Compensation Scheme (FSCS) only to shelve it in 2010.

The FSA yesterday put out its latest thinking on plans to intervene earlier in the product value chain.

MPs who back advisers' calls for a speedy review of FSCS funding will take the fight to Treasury Secretary Mark Hoban, after the FSA last night refused to commit to an April 2012 deadline for the overhaul.

Two of the banking industry's biggest names were paid more than fifteen times their 2009 earnings last year, analysis suggests.

The government is set to force banks to ring-fence their retail operations from investment banking.

A chartered surveyor and property investor have been jailed for a total of 20 years after admitting their role in a £50m commercial mortgage fraud.

Prime Minister David Cameron said the government had "listened" and "learned" as he announced significant changes to the Health and Social Care Bill.

The FSA has concerns promotional literature for exchange traded tunds (ETFs) fails to adequately explain investment risk, and has warned of early intervention where it suspects problems.