News

The FSA today banned six individuals - fining one of them £130,000 - for failings in relation to mortgage fraud, taking the total number of brokers banned in the last three years to 91.

Cofunds has poached staff from Skandia and Scottish Widows as it expands its sales team with the appointment of four account managers.

Private medical insurer Exeter Friendly has launched a range of new underwriting options on both its Health Cover for Me and Health & Stuff plans.

The British Insurance Brokers Association (BIBA) has highlighted "inequality" in the current funding of the Financial Services Compensation Scheme FSCS).

The Government could look to offload part of its RBS stake as early as next year as the bank moves to complete an overhaul of its business, chief executive Stephen Hester says.

Confidence amongst UK finance chiefs has hit a one-year low on the back of austerity measures pushed through in the Budget and mounting fears of a slow-down in global growth.

The lack of quality advisers to service borrowers when mortgage sales pick up will be a major concern for the industry, according to an exclusive Mortgage Solutions report.

The FTSE has opened trading in positive territory, but fears of a double-dip recession on the back of disappointing US and Chinese economic data still abound.

Nationwide is to stop offering mortgages through its Dunfermline, Cheshire and Derbyshire Building Societies brands, which will refer mortgage customers to Nationwide through in-branch independent financial advisers.

Phoenix Group, the "zombie" life fund business formerly known as Pearl, is keen to raise cash from its £10bn book of annuity policies.