News

Individuals will be responsible for commissioning their own care services and managing their own care budgets, according to plans revealed by the government.

Former Lifemark director Stewart Ford has launched a scathing attack on the FSA in a letter to Financial Secretary to the Treasury Mark Hoban, asking him to "intervene urgently" in the financial restructuring of the troubled fund.

A group of investors in the £6m Keydata International fund have lodged a complaint with the Isle of Man financial ombudsman against the fund's administrator, Blue Sea International.

Advisers who wish to be independent post RDR can use a single platform for the 'majority' of their clients if it is in their best interests, the FSA proposes today.

The FSA today said in its long-awaited consultation paper platforms can continue to receive rebates from fund managers.

European Council president Herman van Rompuy warns the euro and wider EU face a "survival crisis" as the continent's sovereign debt crisis escalates.

Austria has suspended financial aid to Greece and claims the debt-stricken country failed to comply with the tax revenue targets agreed in the rescue deal.

Norwich & Peterborough Building Society (N&PBS) has had its outlook downgraded from 'stable' to 'negative' by ratings agency Fitch, due in part to its exposure to Keydata.

The FTSE 100 was down almost 2% this afternoon as fears over Europe's sovereign debt woes and tighter monetary policy in China continued to weigh on investors.

The House of Lords has held a debate on the impact that private medical insurers' reimbursement policies have on cancer patients.