Fewer consumers are seeking financial advice before investing their cash, research suggests.
The FSA will be able to restrict firms from selling certain products and suspend individuals as ‘disciplinary' measures when it implements new powers granted to it under the Financial Services Act 2010.
AIFA has rejected an application by the IFA Defence Union's Evan Owen to replace Chris Cummings as director general.
George Bogucki, managing director of Butterfield Private Bank (UK), has left the firm after three and a half years.
A false insurance claim made by a shoplifter for injuries sustained in a police chase contributed to the highest level of insurance fraud last year.
BNY Mellon has announced its Classic ADR index will serve as the primary benchmark for a new actively managed international ETF.
UK GDP increased by a surprise 1.1% in the second quarter, almost double the consensus estimate.
A personal banker with Barclays in Bristol has been given a three year jail sentence after stealing £300,000 from two customers' accounts to buy himself a house.
The FTSE was down in early morning trading by 21.35 points (0.40%) at 5292.46, as markets remain cautious awaiting the latest UK GDP reading - due at 9:30am - and EU bank stress test results due after close of business today.
Several of Spain's 18 savings banks have failed tests to see how they would cope with worsened economic conditions, according to reports.