News

IFAs have been warned of sales practices by some providers of unregulated collective investment schemes (UCIS) who are wrongly telling advisers they must recommend their products to remain independent.

Sterling jumped across the board after the Bank of England's latest report said inflation is likely to remain above target for longer, fuelling expectations the MPC will act sooner to tackle price rises.

The Centre for Social Justice (CSJ) think tank has applauded the government's first year of welfare reform calling it "an impressive start".

Cofunds has unveiled plans to significantly ramp-up its execution-only business on the back of a healthy set of financials which saw it post profits of £20m for 2010.

The Law Commission has released a recommendation for a statute and code of practice to pave the way for a coherent social care system.

Bupa has hit back at surgeons by denying claims that its medical review process could be "potentially harmful to patients" and said it has consulted with practitioner bodies.

Lloyds Banking Group, the worst offender in the payment protection insurance (PPI) mis-selling scandal, has been named Bank of the Year by the CBI.

Standard Life has appointed Chris Divito as head of platform distribution.

The British Insurance Brokers' Association (Biba) and the Institute of Insurance Brokers (IIB) have confirmed they are in formal merger discussions with an aim to complete them by the end of the year.

Bank of England governor Mervyn King has warned the extended holiday to celebrate the Royal Wedding last month will hurt GDP growth.