News

The former president of a New Jersey-based mortgage company has been sentenced to 14 years in prison for his part in an £84m fraud scheme.

Billionaire investor Warren Buffett's bullish outlook for the US has boosted markets, pushing the Dow Jones up 96 points and the FTSE back above the 6,000 mark.

Rowanmoor Pensions has confirmed it will not pass on its FSCS levy to consumers.

The FSCS has defended its £4m consumer advertising campaign by comparing it to the £1.6bn it says the financial services sector spends annually on advertising.

The reopening of the Egyptian stock exchange has been further delayed as its head rejects calls to cancel trades placed in the last few days it was open.

The new limit of £50,000 on pension contributions will hit doctors disproportionately hard as they are forced to pay extra advice fees, accountants say.

Invesco PowerShares is set to launch its Senior Loan Portfolio ETF on the NYSE Arca this Thursday.

Some UK mortgage lenders continue to punish mortgage borrowers unfairly by pushing them on to higher Standard Variable Rates or making borrowers repay mortgages in-full for minor breaches, said the FSA.

Strathclyde Pension Fund has been ordered to pay compensation to a scheme member after failing to provide a correct pension projection.

The Treasury has confirmed Lord Hutton will publish his final report on public sector pension reform on Thursday 10 March.