News

The FSA has taken regulation into unchartered territory with unknown consequences for the shape and effectiveness of the UK mortgage market, warns IMLA.

The Office for Budget Responsibility (OBR) needs to have its own staff and offices to head off criticism it lacks independence, outgoing boss Sir Alan Budd says.

FSA proposals designed to make mortgage borrowing safer for consumers may in fact make it more difficult for people to get on the property ladder, the Council of Mortgage Lenders (CML) says.

HSBC has launched an ETF tracking the Brazilian stock market.

The FSA is proposing imposing affordability tests for all mortgages and making lenders ultimately responsible for assessing a consumer's ability to pay.

Aegon has named former ABN Amro AM chief and ex-Artemis director Sarah Russell as the new CEO of its asset management business.

The UK is still in danger of losing its prized AAA rating despite the fiscal tightening measures unveiled by the new coalition Government last month, Standard & Poor's says.

Deutsche Bank has listed a range of 10 new ETCs on the London Stock Exchange, using gold or precious metals as collateral.

Disability Living Allowance (DLA) does not incentivise work and there is still a widespread belief among claimants that they would be better off on benefit than in work, according to a new report.

The IFS School of finance has warned the All Party Parliamentary group on Insurance and Financial Services of a proliferation of "pseudo-regulators".