News

BP may resume paying a dividend to shareholders in the first quarter of next year.

Vanessa Donegan has taken on the newly created role of head of Asia and global emerging markets at Threadneedle as Julian Thompson, the head of global emerging market equities, leaves the group.

Equitable Life is maintaining an interim bonus of 3.5% per annum for policyholders after announcing its solvency ratio had improved.

The FSA has proposed changes to its complaints handling procedure as it reveals pure protection grievances continued to grow in the first half of the year.

About 2,000 investors in Lehman-backed 'Capital at Risk' structured product plans run by failed firms Arc, NDF Administration and Defined Returns Limited (DRL) will not be able to claim compensation from the Financial Services Compensation Scheme (FSCS)....

Former Standard Life savings chief executive Geoff Towers will join Legal & General (L&G) as head of IFA sales for savings.

Clarkson Hill says it is "still in discussions" with the FSA about its capital requirements as the firm announced a significant recovery in profits after last years' pre-tax loss of nearly £180,000.

An overwhelming majority of annuity customers use the internet for shopping, research, financial management and communication, research from Just Retirement reveals.

The FSA has been accused of refusing to release key documents relating to the collapse of Icelandic bank Kaupthing to the Serious Fraud Office (SFO) because of fears they will expose regulatory failings.

The government's proposals to remove the age-75 annuitisation rule and simplify income drawdown are a step in the right direction but still "missing a big opportunity", Skandia says.