News

Bank stocks edged lower in early trading on Tuesday after credit ratings agency Moody's said it may cut its rating on 14 British lenders.

Her Majesty's Revenue and Customs'(HMRC) power to access and gather data is eroding trust in the organization and must be checked, the Chartered Institute of Taxation said.

Pro-Retail Distribution Review (RDR) financial advisers believe the emergence of higher-qualified practitioners will have a larger bearing on improving consumer outcomes than the ban on commission.

A claims management company has been reported to the Ministry of Justice (MoJ) over claims it repeatedly cold-called a financial adviser offering him £1,500 if he had been mis-sold payment protection insurance (PPI).

Russell Investments, the index provider behind over a hundred ETFs worldwide, has unveiled its own range of "Investment Discipline" ETFs on NYSE Arca.

Over a third of IFAs (38%) have said they will focus more on group risk and employee benefits after the Retail Distribution Review comes into force in December 2012.

Scottish Provident and Bright Grey have amended their critical illness products to include five new definitions and two reclassifications of conditions.

The Treasury will not allow the Department for Work and Pensions (DWP) to alter the proposals for raising the state pension age (SPA), a pensions lawyer said.

David Barral has been appointed chief executive of Aviva's UK Life business, replacing Toby Strauss as he leaves to join Lloyds Bank.

The chairman and deputy chairman of the British Insurance Brokers' Association (Biba) healthcare focus group have resigned leaving the body in turmoil over its private medical insurance (PMI) scheme and healthcare direction.