News

The government has published the Independent Commission on Equitable Life Payments' report, which recommends how compensation worth £775m should be divided up.

Rathbones must find £3.6m to cover its share of the Financial Services Compensation Scheme (FSCS) levy, including £3.2m arising from the failure of Keydata and others.

Some IFAs are recommending will writers to clients in exchange for secret clauses in wills leaving legacies to the advisers, the Society of Trust and Estate Practitioners (STEP) claims.

The FSA will regulate second-charge loans, sale & rent back and mortgage back book administration in a bid to improve consumer protection, the government confirmed today.

Barclays is set to close its financial advice arm due to declining returns and has promised to refer new clients to IFAs.

Lyxor Asset Management has unveiled two ETFs providing exposure to European high yield bonds and emerging market sovereign debt, listed in the UK and France.

James Hay has laid down the challenge to AJ Bell's SIPPcentre as it unveils two new pension offerings as part of a rebrand.

The FSA has fined Barclays Capital Securities £1.12m for failing to protect and segregate client money held in sterling money market deposits for over eight years.

Martin Weale has called for an immediate 0.25% increase in the Bank of England (BoE) base interest rate, echoing the view of Monetary Policy Committee (MPC) hawk Andrew Sentance.

The financial crisis of 2008 was avoidable and largely caused by corporate mismanagement, risk-taking and inept regulation, says the US government.