News

The FSA today confirmed it is banning commission on sales in the Group Personal Pensions (GPP) market from 1 January 2013.

Openwork has launched a campaign with several mortgage lenders to encourage interest-only borrowers to switch to a capital and repayment loan.

BP has spent $2.35bn (£1.5bn) so far cleaning up the oil slick in the Gulf of Mexico, and has paid out $126m in compensation.

The FTSE 100 index has clawed back some of the previous session's sharp losses this morning.

Europe must focus on growth as well as cutting spending to reduce national deficits, US Treasury Secretary Timothy Geithner says.

Cautious Managed was the top-selling sector for ISA investors using FundsNetwork in May, reflecting ongoing market uncertainty.

The FSA today confirms plans to make all mortgage advisers, including branch-based staff, and those who arrange non-advised sales personally accountable.

The Bank of England has warned UK banks will have to slash dividends and rein in bonuses for years to come if they are to boost reserves and ready their balance sheets for strict new rules.

True Potential is set to launch an updated version of its iPhone and iPad applications for members.

The Financial Ombudsman Service (FOS) has highlighted examples of bad protection advice from complaints referred to it during the recession.