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News

Your profession

Number seeking financial advice 'falling' - study

Fewer consumers are seeking financial advice before investing their cash, research suggests.

clock 23 July 2010 •

Industry

FSA adds suspension to disciplinary powers

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.

clock 23 July 2010 •

Regulation

AIFA rejects Evan Owen as new director general

AIFA has rejected an application by the IFA Defence Union's Evan Owen to replace Chris Cummings as director general.

clock 23 July 2010 •

Investment General

Butterfield Bank UK MD departs

George Bogucki, managing director of Butterfield Private Bank (UK), has left the firm after three and a half years.

clock 23 July 2010 •

Individual Protection

Shoplifter's claim adds to record year for insurance fraud

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.

clock 23 July 2010 • 1 min read

ETFs

BNY Mellon index serves as benchmark for active international ETF

BNY Mellon has announced its Classic ADR index will serve as the primary benchmark for a new actively managed international ETF.

clock 23 July 2010 •

Economics / Markets

UK economic growth jumps to 1.1% in Q2

UK GDP increased by a surprise 1.1% in the second quarter, almost double the consensus estimate.

clock 23 July 2010 •

Regulation

Barclays banker jailed for £300k theft

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.

clock 23 July 2010 •

Economics / Markets

Morning Markets: Home retailers drag FTSE down as economy remains subdued

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.

clock 23 July 2010 •

Economics / Markets

Spanish banks fail stress test - reports

Several of Spain's 18 savings banks have failed tests to see how they would cope with worsened economic conditions, according to reports.

clock 23 July 2010 •
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