News

The Investment Management Association (IMA) has proposed scrapping the Active, Balanced and Cautious tags and merging the Absolute Return sector into a new managed sector, in its review of the Managed peer groups.

The Financial Services Authority (FSA) has fined the Bank of Scotland (BOS) £3.5m for failures in handling customer complains, and secured £17m in compensation for customers.

High street banks have attracted 1,163 complaints over data breaches in a year according to consumer group Which?

The UK economy grew at 0.5% in Q1, in line with previous estimates, according to the Office for National Statistics (ONS).

The FTSE 100 was down in early trading as ongoing uncertainty about the Greek bailout hit markets and sent the euro lower against the dollar.

Just Retirement has launched a new form of third way annuity with the first new capped drawdown product on the market since the new pension rules came into force.

Halifax Intermediaries will now require all residential interest-only mortgage applicants to provide evidence of their repayment vehicles prior to the offer stage.

Vicky Ackers has been appointed Head of Investment at Royal London 360.

Investor appetite for equity funds has dropped dramatically, according to the latest figures from The European Fund and Asset Management Association (EFAMA).

The head of the Serious Fraud Office (SFO) wants to raise salaries by 50% to put his staff on a par with those at the FSA, in a bid to stem a flow of departures and attract high-calibre recruits from private practice.