News

Franklin Templeton's Mark Mobius says letting Greece default on its debt would be the best way to ease the European fiscal crisis and calm contagion concerns.

The FSA is investigating government-backed Lloyds Banking Group and RBS over poor complaints handling.

The FTSE 100 was at 5599.81, a rise of 0.24% or 13.20 points in early morning trading following strong first quarter results from some groups.

The rate of UK house price inflation has entered double figures for the first time since the credit crisis began.

Skandia has launched an online platform due diligence tool allowing advisers to ask providers tailored questions to help with their platform selection process.

Ignis chief investment officer and board director Peter Reid is leaving the firm.

Scottish Widows has launched a corporate wrap, allowing employees to track both workplace benefits and their personal finances.

Standard & Poor's has downgraded Spain one notch from AA+ to AA, pointing to a slower than expected growth rate.

Axa Wealth has reported a 34% increase in new business for Q1, with business on its Elevate platform nearly doubling since Q4 2009.

Andrew Tripp has been confirmed as the new Association of Medical Insurance Intermediaries (AMII) chairman.