News

The Serious Fraud Office says the UK urgently needs a new centralised fraud database to combat rising financial crimes as the current FSA-run register is "clearly not working".

Senior industry figures are pleading for an early government announcement on pension tax relief restriction rules because "time is running out" for employers to implement changes.

Prudential CEO Tidjane Thiam says he "very much regrets" the collapse of the insurer's giant $35.5bn AIA takeover, which has cost the company £377m.

Government Whip and MP for Norwich North Chloe Smith is calling for an official meeting with Hector Sants on the FSA's role in Keydata's collapse.

Aegon UK's distribution businesses Origen and Positive Solutions posted combined losses of £2m in the second quarter of 2010.

Former member of the Monetary Policy Committee (MPC) David Blanchflower says the UK will need "a lot more" quantitative easing (QE) to avoid a double dip recession.

M&G posted a 32% jump in net retail inflows over the second quarter, with the asset manager recording £1.92bn of net sales.

Prudential has posted a 41% jump in operating profit to £968m in the first half, well ahead of expectations.

The FTSE 100 has slid more than 2% lower this afternoon after US markets suffered even sharper losses in early Wednesday trading.

Bupa promises new products will be launched in the next six months and into 2011 as it announced a steady performance for the first half of 2010.