News

The FSA has appointed small firms director Lesley Titcomb as acting chief operating officer (COO), effective immediately.

Advisers may have to fork out up to £175 every year to cover the cost of renewing the FSA's proposed Statement of Professional Standing (SPS) certificate.

The FSCS says it has yet to decide which sub-class will bear the potential costs of compensating clients of private client stockbroker Wills & Co, which has been declared in default.

Developed countries cannot rely on emerging markets to bring global growth back to pre-credit crunch levels, says PIMCO's Bill Gross.

The FTSE began to recover early losses on Thursday after the European Central Bank (ECB) revealed modest take-up of its latest short-term loan facility.

The Institute of Financial Planning (IFP) has officially launched its Certificate in Paraplanning, which is set at QCF Level 4.

The Securities and Exchange Commission (SEC) has proposed to expand the recently released circuit breaker programme to encompass 344 ETFs and all stocks in the Russell 1000 index.

New details the FSA requires from firms about its individual advisers will be collected on a quarterly basis, the regulator says.

Former Société Générale investment bank head Jean-Pierre Mustier has been fined €100,000 (£81,950) by France's AMF financial regulator over insider trading as the financial crisis began.

BP has returned to banks seeking additional short-term loans to help tackle its growing liabilities following the Gulf of Mexico oil spill.