News

The European Central Bank (ECB) today kept interest rates at a record low of 1% for the sixth consecutive month.

The FSA should reconsider its proposals for qualification standards for simplified advice processes to determine where QCF level 3 might be sufficient, insurer Aegon says.

Cofunds has appointed Paul Rose as head of regional account managers to help the platform work more closely with advisers in the run up to the RDR.

Personal accounts are under threat as just one-in-five members of the public say they will remain enrolled in the proposed Government pension scheme, AXA research suggests.

The number of intermediary mortgage products rose by 7% from 2,063 in September to 2,203 in October, according to the November Trigold Product Index.

Quilter and Skandia will power the managed portfolio service for Jelf Financial Planning as part of a three-way strategic tie-up.

The RDR could have the unintended consequence of "disenfranchising" the majority of consumers from financial advice and thereby undermine the proposal's main aim, Scottish Widows says.

Friends Provident is launching a new financial education and support service aimed at helping employees manage their money more effectively.

Interest rates have been held at 0.5% by the Bank of England for the eighth consecutive month.

The FSA has fined UBS £8m - its third largest fine on record - for allowing four employees unauthorised access to at least 39 customer accounts.