News

Global markets have been boosted by news of a ceasefire in Libya, rising oil prices and intervention by the G7 nations to suppress the value of the yen.

Japan could need up to five years to recover from up to $235bn (£145bn) worth of damage from the Tohoku earthquake, according to the World Bank.

Mortgage providers have been criticised for plans to penalise consumers who are paying into pension schemes by restricting the sums they can borrow.

The Chancellor is set to target executive pensions as part of a crackdown on 'hidden' pay in a Budget aimed at boosting economic growth this week.

Eric Daniels, the former CEO of Lloyds, has been dropped from the shortlist of candidates for the upcoming chairmanship of Aviva, after complaints from investors.

In the latest Mortgage Solutions poll an overwhelming majority of brokers (69%) said they would categorise their business relationship with the Financial Services Authority (FSA) as ‘poor'.

Yorkshire Building Society is in advanced talks to acquire Keydata-claims hit Norwich & Peterborough (N&P) building society, according to reports.

The FOS has ruled Meteor Asset Management caused investors in its Lehman-backed plans to lose their money, in a Final Decision set to smash open the floodgates of a £12m compensation claim.

Aegon UK has published individual protection claims data showing 95% of life claims and 91% of critical illness claims were paid in 2010.

Brokers servicing the SME sector are missing revenue in personal accident insurance (PA), according to a survey by Groupama Insurances.