News

Loan firms which demand upfront fees for loans they have no intention of making will be shut down by the Office of Fair Trading (OFT).

The FSA's platform policy paper has been delayed to Q3 as the regulator struggles to formulate final rules on controversial areas including proposals to ban cash rebates.

The Serious Fraud Office suspects David Elias, a businessman deeply embroiled in the Keydata saga, may be on the run in South-East Asia, despite being declared dead two years ago, according to reports.

Private bank Kleinwort Benson has completed its £26.4m acquisition of Close Brothers' offshore arm

Giant re-insurer Swiss Re will buy 300,000 in-force life policies from American Life Insurance Company (Alico).

Positive Solutions is rolling out a bespoke version of the latest True Potential software to its partners.

Risky tax avoidance schemes could be listed and their users forced to pay disputed tax upfront under proposals by Her Majesty's Revenue and Customs (HMRC).

Andrew Sentance, who yesterday stepped down as a member of the Bank of England (BoE) monetary policy committee (MPC), has condemned the Bank's refusal to raise interest rates.

The Treasury has proposed to remove tax relief on compensation payments for pension mis-selling.

Expatriates working or living in European countries are urged to review all their insurance arrangements to ensure they have the right cover in place.