News

Global X Funds has unveiled an ETF to target the Andean region, in anticipation of a deal between Chile, Colombia and Peru to merge their stock markets.

The Financial Ombudsman Service (FOS) has moved a step closer to making its decisions public, but is being held back by fears claims management companies will use the rulings as "ammunition" against firms.

Charity Age UK is running a week-long campaign to highlight the benefits pensioners are entitled to in an effort to prevent more pensioners dying of cold during the winter.

The British Bankers Association (BBA) has written to FSA CEO Hector Sants proposing a "simplified advice" model for the mass market, which it says would fill an advice gap left by the RDR.

The average cost of a fixed rate mortgage stands at its highest level in six months as lenders pass on rising funding costs to borrowers.

1st Exchange & N4 has bought Screen Business, which provides websites and tools to help advisers and providers interact with consumers.

JP Morgan Chase has hired Sally Dewar, the former head of risk at the FSA, to help manage its global response to regulatory change.

Clive Bannister will replace Jonathan Moss as group chief executive of Phoenix Group, the specialist consolidator of closed life funds.

The government says it will increase the levy on bank profits to £2.5bn this year, to raise an extra £800m for the public purse.

Intelligent Pensions is offering IFAs the chance to transfer their income drawdown clients to its drawdown partnership service with no initial charges.