News

Business secretary Vince Cable said banks should be 'very, very self-conscious' about how they reward staff and investors and refused to rule out a tax on bank profits.

BP has recorded a $17bn (£11bn) loss over the second quarter, one of the largest corporate losses in British history.

Woody Allen, Oscar Wilde and Spike Milligan as financial philosophers?

Lloyds Banking Group has stopped selling payment protection insurance (PPI) after declaring the product no longer "economical" for the business.

IFAonline would like to send its condolences to the family and friends of Jupiter fund manager Laurie Petar, who passed away yesterday after a long battle with prostate cancer.

Parliamentary ombudsman Ann Abraham has rejected the Government's proposed compensation plan for those who lost money with Equitable Life.

Chief information officer Deepak Singh was paid £149,500 by HMRC to work three months beyond his leaving date.

Less than half the adult population have life insurance cover, and few have ever switched their life insurance provider, meaning that as a nation we are under-insured and could well be over-paying for inadequate cover, according to new research.

The IMA has expressed concern structured products will face less scrutiny under the new regulatory system set up to replace the FSA.

Sesame Bankhall Group has launched a referral service for members faced with clients possessing pension pots of £30,000 or less.