News

Besieged BP chief Tony Hayward yesterday declared his "deep sorrow" over the Gulf of Mexico oil spill after US Congressman accused his company of "astonishing complacency" and of having a "cavalier attitude to risk".

Aviva Investors has launched its latest FTSE 100 structured product.

Meteor Asset Management has launched a second tranche of its Top Ten Kick-Out plan.

Hodge Lifetime has announced plans to reduce new equity release lending and restructure its business to concentrate on its pension annuity arm.

The Government said today it will undertake a consultation period before setting up three new bodies as part of a radical shake-up of financial services regulation.

The FSA is being urged to consider firms' "willingness and ability" to pay regulatory fees as a fairer way of allocating costs to financial firms.

TenetRetirement Solutions has launched a non advised annuity desk to help advisers find the best annuity option for clients with small pension funds.

Peter Hargreaves, the founder and CEO of Hargreaves Lansdown, says former Prime Minister Margaret Thatcher was a "million times" better for businesses than current incumbent David Cameron.

Former enterprise tsar Lord Alan Sugar has launched a stinging attack on the proposed increase in CGT, claiming it will have a "devastating effect" on businesses.

The RDR will continue under the new financial regulatory structure, Hector Sants said today.