News

Most of the indices used to underpin fixed income ETFs have inherent problems around pricing, weightings and selection criteria, according to Morningstar.

IFAonline lists who has moved where in another busy week in financial services.

Coventry Building Society has flagged its willingness to buy the so-called "good-bank" Northern Rock and remutualise the state-owned lender after its bail out and nationalisation in February 2008.

House prices climbed in consecutive months for the first time in almost a year, Nationwide figures show, but the building society said prices were now more likely to move modestly lower through the rest of 2011.

FSA chief executive Hector Sants and Treasury financial secretary Mark Hoban are to spend a day with a Sussex IFA in a bid to "better understand" the advice sector.

Plans to reform the state pension will be unveiled next week and are expected to include a new flat-rate scheme to start in 2015 or 2016.

The Republic of Ireland's banks need an extra €24bn (£21.2bn) to survive, bringing the total amount poured into the Irish banks since the financial crisis close to €70bn.

The Chartered Institute for Securities & Investment (CISI) has launched a web application for smartphones to help members log CPD activity.

Tony Morris, founding director of The Money Portal, has been charged with defrauding nine pension funds of £52m, the fifth person to face prosecution in the GP Noble Trustees case.

LV= has announced its protection business grew 34% last year as part of strong overall results for the mutual.