News

The Financial Services Authority (FSA) has banned the three directors of Simply Trading Group (STG), Stephen Coles, Luke Ryan and Michael Yamoah, from senior management positions for falling short of FSA standards.

The Council of Mortgage Lenders says the Mortgage Market Review proposals are a "tangible and significant risk" to the UK mortgage market, with a smaller, more risk averse industry likely.

Zurich has enhanced its protection products for clients who may need to make alterations to existing cover when their circumstances change.

The average total expense ratio for equity ETFs in Europe is around 51 basis points (bps) lower a year than the average equity index tracking fund, according to BlackRock.

George Osborne's emergency Budget has increased the chances of the British economy sinking into a second recession next year, a respected think tank says.

Royal London total new life and pensions business rose 35% in the first half of the year, driven by strong performances from Scottish Life and Royal London 360.

Protection providers Bright Grey and Scottish Provident have suffered significant drops in sales over the first half of the year.

Cazenove has promoted Rob Thorpe to the newly-created head of UK retail position.

The Witan investment trust has handed a £120m pan-European mandate to Marathon Asset Management.

Banks are once again leading the FTSE 100 gains in early trading, after a number of stocks soared upwards of 10% yesterday on the relaxing of Basel III rules.