News

US private equity group JC Flowers is lining up bids for at least four UK building societies as part of an ambitious plan to create a "supermutual" that could be partially floated on the London stock market in five years.

Over a third of advisers think RDR implementation will be delayed, suggests recent research from Fidelity.

The FOS has ruled an IFA who put a third of a 90-year-old widow's money into Keydata while she was in a care home gave unsuitable advice.

Woolwich has announced that all mortgages taken out above 75% LTV will now have to be on a capital repayment basis only, as part of a raft of changes to its interest-only deals.

Legal & General has been forced to publish part of its third-quarter results more than two weeks early after mistakenly sending the figures to analysts.

Commercial secretary Lord Sassoon has been told to take steps to improve consumer access to the open market option (OMO) and intervene on poor annuity rates.

It's not all bad news you know. This week: Buffett makes mistakes too, advisers take on the Eggheads, and McDonald's posts bumper Q3 figures...

Iain Duncan Smith caused a mini-storm last night after saying the unemployed should "get on a bus" to find a job.

The FTSE 100 remains marginally in the red this afternoon, with miners dragging on the index.

A back-office technology solution designed to help product providers update "aging" legacy systems to cope with the onset of adviser charging has been launched.