News

UK combined defined contribution (DC) pension assets fell £18bn in October compared to the previous month, according to Aon Consulting.

Keydata has been declared in default by the Financial Services Compensation Scheme (FSCS), meaning customers can start making claims.

The European Union is considering imposing tough new measures to curb the pay of private equity and hedge fund managers in a further clampdown on the sector.

Former Cofunds director, Mark Campbell, has passed away after a two year battle with cancer.

Nearly one in three mortgage deals on the market are currently broker-only as lenders continue to make a commitment to the intermediary market, research suggests.

The FSA is set to tighten its rules on how lenders deal with mortgage arrears and repossessions.

Platforms risk being undermined by a lack of transparency and must address some crucial questions if the RDR is to be effective, warns Novia.

The FSA has fined and banned a former UBS employee for helping cover-up unauthorised trading losses.

The FSA must work with lenders and intermediaries to ensure its new rules for the mortgage market do not create ‘unintended and damaging side-effects' including forcing out good borrowers, CML chairman Matthew Wyles says.

Businesses need to rethink their approach to finance or the effects of the recession will be unnecessarily prolonged, HSBC research suggests.