News

The FSA has proposed setting the new FSCS deposit compensation limit for investors at £85,000 - but says it may revise this figure if the euro-sterling exchange rate deteriorates.

The FSA today proposes allowing the re-registration of trail commission when a client changes adviser after 2012, subject to the contract between the provider and previous adviser.

The FSA could require firms to inform the regulator if competence and ethics issues arise with their advisers.

Close Asset Management has appointed Beverley Lavin head of financial planning as the firm looks to grow its wealth management business in the run up to the RDR.

Compass Mortgage and Insurance services are launching a new insurance brand called ‘Unusual Risks' that is specifically for people looking for products in unusual circumstances.

The FTSE rose 0.70% this morning after the Dow Jones closed last night 1.8% higher.

The Institute of Directors (IoD) wants a further £50bn in quantitative easing, on top of the £200bn already injected into the economy to boost the money supply.

Canada Life has re-launched its group critical illness (CI) policy.

Global markets have rallied on the back of Japan's cut in interest rates, with the FTSE and Dow both up over one percentage point.

Suncorp group chief executive Patrick Snowball, the man who previously ran Aviva's UK operation, has warned life insurers they could die out unless they innovate and change.