News

The CII has apologised after losing 35 test papers of candidates sitting one of its exams, meaning they may have to re-sit the module.

The government will look to exempt small financial services firms from further regulation for three years when it writes new powers for the FSA's successor.

The FSA is moving "alarmingly close to economic regulation" with its latest proposals on data collection, AIFA said.

Advisers could face lower FOS fees next year as banks begin shouldering the cost of handling payment protection insurance (PPI) complaints against them, the ombudsman said.

Speculation the Bank of England will lower its economic growth forecasts has caused the pound to slump in afternoon trading.

Surgeons have condemned plans by Bupa to demand pre-operation second opinions as "unacceptable" and "potentially harmful to patients" while criticising the provider for not working alongside them.

Ex-pat retirees who receive their pensions in sterling are seeing their incomes squeezed by the weak pound, an international wealth management firm said.

Standard Life has dumped its face-to-face advice service for private clients, who will now be dealt with via telephone and online.

A leading economist has hit out at the practice of risk profiling carried out by many financial advisers, describing it as "rubbish".

The plethora of choice in European ETFs can be a disadvantage and will force consolidation, according to Morningstar director of ETF research Scott Burns.