News

Two insurance brokers have been banned for attempting to cover up a criminal record for fraud.

Total and permanent disability (TPD) cover will be removed from critical illness (CI) policies and replaced by ability-defining headings, the Association of British Insurers (ABI) has confirmed.

Stephen Message has assumed control of the £37m Old Mutual Equity Income and £25m Extra Income funds with immediate effect, replacing Michael Gifford.

Fidelity European fund manager Tim McCarron will depart the group early next year to take time away from the industry.

The FSA and HMRC must address widespread confusion over when VAT is applicable to advice-giving post-RDR, industry experts argue.

French President Nicolas Sarkozy has hailed the appointment of the EU's new finance chief as a chance to clamp down on City of London excesses, in a direct rebuke to the British government's handling of the economic crisis.

Transact has launched a qualifying savings plan (QSP) - becoming the first platform to offer the product.

Pension transfer times continued to increase in the third quarter of 2009, according to figures from Origo.

LV= has launched a new website for advisers.

Swiss Re believes the insurance and reinsurance sectors will continue their "U-shaped" recoveries in 2010 alongside the major global economies.