News

Nationalised lender Northern Rock plc has revealed it is to cut up to 680 jobs by the end of 2011 in an attempt to rein in its costs in "very challenging" trading conditions.

The FSA has confirmed the establishment a new consumer redress coordination committee made up of the FSA, OFT and the ombudsman service.

ETFs and SIPPs have been earmarked as ‘emerging risks' by the newly set-up Coordination Committee (CC) which unites the FSA, OFT and FOS.

A third of IFA firms are making an "unsustainable" loss because they are reluctant to pass on ever-increasing costs to customers, research by Plimsoll suggests.

Nationals round-up: The Budget continues to grab headlines on the Money pages while investors are still mulling whether to invest in Japan.

Equitable Life will give policyholders who leave the society an enhancement to their with-profits payment equivalent to 12.5% of their policy value.

Rotherham-based Mortgage Talk has entered an agreement with adviser firm Robert Sterling to buy up its mortgage advice arm, giving the firm its first London-based advisers.

The proposed takeover of TrigoldCrystal by Mortgage Brain is off and the rumour mill is in overload.

Britain's financial services companies are bottom of the league when it comes to customer service, according to a survey published this morning.

Van Eck has started accepting creation orders on its Market Vectors Egypt ETF, almost two months after suspending normal trading.